Re: New LLC where do I put the mineral rights that each partner contributed

New LLC where do I put the mineral rights that each partner contributed

First year LLC holding mineral rights total value 180,000. Where do the mineral value go on the asset side of balance sheet. I have the appropriate capital account side @180000

posted

Mineral rights are intangible assets and are reported on the balance sheet on line 12a of Schedule L.

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I pay for my child's care but my partner will be claiming the child; they have a higher income. However, I still want to receive credit for my contributions. How?

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