res94025
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Ah ... great.Thank you!So the loss is reported on the 1065 and the capital accounts are depleted with a loss entry on Line 3 of Schedule M-2.Yes?And the loss wo...
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No.There were no funds to return to members.The LLC was formed to take an option on a technology.The initial capital contribution covered the cost of the option...
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Perfect.That's what I expected but wanted another opinion.Much appreciated!
Activity Feed for res94025
- Posted Ah ... great. Thank you! So the loss is reported on the... on Business & farm. June 4, 2019 12:30 PM
- Posted No. There were no funds to return to members. The LLC w... on Business & farm. June 4, 2019 12:30 PM
- Posted Perfect. That's what I expected but wanted another opini... on Business & farm. June 4, 2019 12:30 PM
- Posted How to reflect zeroed capital accounts in final return for LLC? on Business & farm. June 4, 2019 12:30 PM