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Old 03-13-2013, 01:12 PM
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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?



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