Jan425
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I believe you would code in into the general ledger as a member investment and code money you take out as member draws. It doesn't affect Income & Expense.
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I had to go into the assets in the state return as I had selected $30,000 for 179 in the Federal return and the State of CA limited the 179 option to only $25,0...
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Try looking in your browser to see if anything has already been saved for this return and if so, use that name.
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- Got Cheered for Re: I have a single-member LLC.If I put personal money into the LLC account as Owner Equity, do I have to include that money as business income?. January 9, 2025 7:50 AM
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- Posted I had to go into the assets in the state return as I had... on Get your taxes done using TurboTax. June 6, 2019 12:04 PM
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