What is the name of your state? New Mexico
Hi i want to know if i personally bought 5,093 in computer equipment for my LLC partnership. Do i claim that on the 1065 and depriate the equipment, or can i put that on the k-1 under my personal loss to the company? Not everyone in the company was able to contribute equal amount of equipment. I just want to know how to claim this on my personal taxes.
thank you
Hi i want to know if i personally bought 5,093 in computer equipment for my LLC partnership. Do i claim that on the 1065 and depriate the equipment, or can i put that on the k-1 under my personal loss to the company? Not everyone in the company was able to contribute equal amount of equipment. I just want to know how to claim this on my personal taxes.
thank you