In what way will the cash contribution amount affect the tax return?  Unfortunately I already filed and left the contributions blank.  Would I need to wait till next year to amend this year's return to include the cash contributions? ... View more

In regards to the capital contribution, my partner and I both contributed cash towards the purchase of the house that we flipped, however we did not sell and distribute until 2016. Would I then leave the capital contribution part zero for 2015 and enter that for the 2016 filing since it is specific to the project? ... View more

Clarifying question:  I'm in the same situation where I sold the flipped property in January 2016 but most of my expenses were paid in 2015.  2015 was my first year of operation and this was my first project.  Are you saying that I am to report all of my business expenses (including company car lease) from 2015 when I file my 2016 taxes next year?  In that case, do I still need to file anything for my LLC this year for 2015 since no sale was made in 2015? ... View more