1065 MEMBER DEPOSITED MONEY TO START UP PARTNERSHIP DURING THE CALENDAR YEAR THEY REIMBUSED THEMSELVES WHERE DOES THIS GO ON 1065 AS A LIABILITY
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.
putitinascapitalcontributedduringtheyearandaswithdrawalanddistributionsinthem-2
iknowthisishardtoread,butsoareALLCAPS!
How about the interest due on such a loan? JUST ASKING (:~}
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