1065

[Debra21]

1065 MEMBER DEPOSITED MONEY TO START UP PARTNERSHIP   DURING THE CALENDAR YEAR THEY REIMBUSED THEMSELVES   WHERE DOES THIS GO ON 1065 AS A LIABILITY

[sjrcpa]

The initial cash influx is Loan from Member.

The repayment (reimbursement) reduces that liability. 

If it was all paid back during the year you end up with a zero balance which goes nowhere on the Balance Sheet.

[George4Tacks]

putitinascapitalcontributedduringtheyearandaswithdrawalanddistributionsinthem-2

iknowthisishardtoread,butsoareALLCAPS!

[George4Tacks]

How about the interest due on such a loan? JUST ASKING (:~}