PatriciaV
Expert Alumni

Get your taxes done using TurboTax

No, distributions are not guaranteed payments. Red numbers on your forms will prevent you from e-filing and invalidate the TurboTax Guarantees.

 

Distributions should be entered under Business Info >> Partner/Member Information >> Member Capital on the Cash Distributions line. You'll enter an amount for each partner separately. Using the step-by-step interview screens is the best method to ensure the information flows to the correct form.

 

You can confirm your entries in Forms Mode, but we highly encourage you to use the interview when entering activity for your partnership.

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