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Level 3
March 11, 2021
Solved

S corp Capital Contribution

  • March 11, 2021
  • 5 replies
  • 105 views

Im having a mental block.  Where do i enter capital contributions on a S Corp?

 

Thanks

This topic has been closed for replies.
Best answer by dascpa

Unlike a 1065 there is no K-1 data entry for this.  Only on Schedule L, balance sheet.

5 replies

dascpa
dascpaAnswer
Level 11
March 11, 2021

Unlike a 1065 there is no K-1 data entry for this.  Only on Schedule L, balance sheet.

abctax55
Level 15
March 11, 2021

APIC, or shareholder loan. On the balance sheet as dascpa says.

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