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Get your taxes done using TurboTax
the withdrawal of money from the partnership is not an expense. it should show up on each partner's k-1 in box 19 and on schedule L the withdrawal and distribution line. be aware that the 1065 i due 3/15/2023 though it can be extended. you may also have to file a state partnership return.
‎January 24, 2023
5:52 PM