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fxf
Level 2

Where does TurboTax Business prompt me to enter information about cash distributions to members of my LLC?

I've used TurboTax Business in the past. I'm trying to get information to populate on Schedule K (and by extension, the K-1 forms I give to my members).

 

My LLC made some cash distributions during the year. Last year this information appeared on Form 1065, schedule K, line 19A.

 

This year, when I print a PDF of my return to review, line 19A shows 0 even though I made distributions.

 

I have gone through the program step-by-step, but I do not think I was ever asked to provide this information. I'm pretty sure I need to include it.

 

Where in TurboTax can I enter this? (I tried to edit the form directly, but it won't let me enter numbers in this section.)

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Accepted Solutions

Where does TurboTax Business prompt me to enter information about cash distributions to members of my LLC?

While I am not in a Windows environment, I believe you enter that in the member's information section.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

View solution in original post

3 Replies

Where does TurboTax Business prompt me to enter information about cash distributions to members of my LLC?

While I am not in a Windows environment, I believe you enter that in the member's information section.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
fxf
Level 2

Where does TurboTax Business prompt me to enter information about cash distributions to members of my LLC?

That's it! Thank you!!

Where does TurboTax Business prompt me to enter information about cash distributions to members of my LLC?

Welcome

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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