How do I categorize my capital contributions from QBO to Turbotax Business?

Forum|Forum|3 years ago
January 24, 2023
2 replies
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How do I categorize the contributions for the multi-member LLC? In this case, the members have needed to send money to be used to pay expenses to get our business going. No income yet, just expenses from the money that we have contributed. Turbotax Business (Windows) sees those line items but is asking me "Tell us what these are for."

Thanks!

TurboTax Business Windows

Anonymous_

Employee

It is a bit unclear what you are asking. If a member contributed capital, you would enter that figure in the Partner/Member tab (Business Info) as cash contributed (which would be entered for each member who contributed cash).

floredevelopmentAuthor

Sorry--I am trying to file taxes. Turbotax Business is seeing the total of contributions throughout the year, and asking me "What is this for" and giving me a list of 50+ items to identify what it is, and nothing seems to really match.

Anonymous_

Employee

What type of "items"?

It is still unclear exactly what the program is "seeing". You might want to contact Support for troubleshooting.

How do I contact TurboTax? (intuit.com)

AliciaP1

If you can clarify the header/title of the page you are seeing the statement "Tell us what these are for" and if you can see that the contributions for each member are entered as cash contributions in the Partner/Member Information for each member, I may be able to provide more guidance. You can post a screenshot here of the page but be sure to eliminate any personal identification information.

@floredevelopment

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