Should the amount in Schedule K1 1065 Section L Withdrawals & Distributions be entered as a Negative Amount?

[MLP_Investor]

Hi, I am entering the Schedule K1 1065 form details and the amount in the Section L Withdrawals & Distributions box is in parentheses in the K1 form. So, should I enter it as a Negative Amount while entering the details in TurboTax?

In K1 form the amount is (2500). So in TurboTax should I enter it as -2500?

Thank you!

[PatriciaV · Accepted solution]

Yes, the amount for Withdrawals & distributions on Schedule K-1 is always reported as a negative number and should be entered the same way in TurboTax.

[MLP_Investor]

Thank you very much!