I recently formed a new company(LLC) I have a partner who put in 1.5 million and I put in 1.5 million in leases as well as technology,and patents.We both signed for the initial investments. Is there any reason why my 1.5 million can not be shown on the tax forms. As my partner is taking his 1.5 but showing zero on my side
Thanks

Hello s:

I have no idea what you're talking about. Are you speaking about the corporations tax returns?? Your personal tax returns?? What do you mean by "shown"?? Do you mean deducted?? Do you mean as an item on the balance sheet?? Why is the corporation filing a tax return NOW? Did you make money? What advantage do you think you get by "showing" your investment somewhere??

If you explain some of this stuff, you'll get better answers.

excon