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CL44
Level 3
March 19, 2026
Question

partnership initial capital investment.

  • March 19, 2026
  • 1 reply
  • 8 views

Partners purchased a building for their business.  how do I reflect that in form 1065

1 reply

IRonMaN
IRonMaN
Level 15
March 19, 2026

Kinda sounds a little like recording a building on one side of your balance sheet and partner equity on the other side.  Of course that is assuming that there isn't a side order of debt to go with the purchase. 

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