Summary:
- Club started 9/1/2020. No profits so 1099 is full of zeros
- Members contributed about $1,500 each last year
- Item K in Schedules K-1 is blank for every member.
- Question: should it not show what each of the members have contributed?

More details:
We started our club in Sept. of last year. I am doing our tax forms. We have not sold any stocks and only have a few cents in interest, so the 1099 is full of zeros.
Each member has been making contributions to the club though, so I would think that those would have to show in Schedule K-1 Item K "Partner's Capital Account Analysis"

BUT

All our K-1's have that section blank. Am I doing something wrong?

Where should I ask this question?

Help please.

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