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About LinkBacksA single member LLC wants to add a member.
The member wants to invest into the LLC.
What tax form(s) would the LLC file to show the member's capital investment?
Investments
A single member LLC wants to add a member.
The member wants to invest into the LLC.
What tax form(s) would the LLC file to show the member's capital investment?
LLCs are not recognized by IRS.
You don't really have to file anything but when you prepare the LLC for the state, include the new member as a partner and add his investments.
I hope that answered your question.
zahid
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IRS Circular 230 notice: In order to comply with requirements imposed by the IRS, I must inform you that any tax advice contained on this forum is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.
Thank you ZahiD.
I spent a couple hours on the IRS's web site researching it.
The only thing I could find was in the Instructions for Schedule C that said:
"If you received cash of more than $10,000 in one or more related transaction in your trade or business, you may have to file Form 8300. For details, see Pub. 1544"I wasn't sure if the Business would be required to submit a form to the new member and the IRS indicating the amount of their investment.
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