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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
Cash distributions are reported on the 1065 Sch K line 19(a) and on each partner's K-1 box 19 Code A in proportion to the ownership.
They will also be reported in two other places depending on how you respond to form 1065 Sch B question. If the answer to this question is "No", then they will also be reflected on Sch M-2 line 6(a) and also on the respective partner K-1 Section L.
If you respond "Yes" to the above question, then the distributions will not be reflected on the M-2 or K-1 Section L. Those areas will be blank in accordance with the instructions.
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
Or are you saying that your partnership owns an interest in an S corporation and received distributions from the S corp?
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
A Sub-S and a partnership are two different entities.
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
Cash distributions are reported on the 1065 Sch K line 19(a) and on each partner's K-1 box 19 Code A in proportion to the ownership.
They will also be reported in two other places depending on how you respond to form 1065 Sch B question. If the answer to this question is "No", then they will also be reflected on Sch M-2 line 6(a) and also on the respective partner K-1 Section L.
If you respond "Yes" to the above question, then the distributions will not be reflected on the M-2 or K-1 Section L. Those areas will be blank in accordance with the instructions.
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Can someone explain exactly how I report a cash distribution to partners from a Sub-S partnership? It seems this is done on Line 19a of Form 1065 but I am not sure.
Rick, I'm assuming that the schedule B question is #12. I don't understand the question, what determines when one answers it Yes or No?
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