thelovellcpafir m
Level 3
02-13-2021
01:44 PM
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No debt agreement or imputed interest.
I am not sure I can just start calling it Contributed Capital in year three. The contributed money over the past two years has been called a loan. The previous K-1s have the loan balances. I don't know how to change that.
Also, since this is an LLC, there is no Capital Stock. Would that also mean there is no Paid in Capital?