Is partner capital the total capital we have invested over time?

[Mike Stahlman]

We have 10 SF rental properties purchased since 2017 through our LLC. The LLC is a partnership between my wife and myself.

1. For tax preparation, 2021, the 1065 form has a question about partner capital.  Is partner capital over the life of the business for all years, or only for the current year?

2. Are cash loans to the company i.e. a down payment for a loan, or buying a property with cash out of our pocket considered Partner Capital?

We currently draw no income from the business.  All money goes back in the business to buy additional properties.