Capital Contribution Tax Treatment My partner and I created a multi-member LLC during 2012 but then had to dissolve the business during the same year. In the operating agreement it states that I "contributed $7,142.00 worth of services and expertise in management, financial and personnel administration, branding, design, and other related areas."
My question is this: How do I account for my capital contribution when preparing the LLC (or my personal) taxes for 2012? |