In Turbotax Business, where do I enter amount of investment from my LLC into another LLC?

Forum|Forum|3 years ago
April 5, 2023
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My LLC invests in other LLC's that do Real Estate projects. I get K1 from them. Money for investment came from members of the LLC. Where do I enter the amounts invested in those LLC? Or is the reporting of the K1 enough?

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Best answer by Anonymous_

@adim11 wrote:
My LLC invests in other LLC's that do Real Estate projects. I get K1 from them. Money for investment came from members of the LLC. Where do I enter the amounts invested in those LLC? Or is the reporting of the K1 enough?

Just make sure to report the K-1 you receive from the other LLC and that should basically be it.

Anonymous_Answer

Employee

@adim11 wrote:
My LLC invests in other LLC's that do Real Estate projects. I get K1 from them. Money for investment came from members of the LLC. Where do I enter the amounts invested in those LLC? Or is the reporting of the K1 enough?

Just make sure to report the K-1 you receive from the other LLC and that should basically be it.

adim11Author

Thanks for the prompt response. The thing is I did not see any place to enter the amounts invested in the various LLC's the money went into. I have 3 investments into 3 different LLC's and nowhere did I enter what amount was invested, when, or to what LLC. How will it work out when the project is complete and I profit (or loose) from these investments?