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1065 Partnership Distributions
I have turbo tax business and we are in the process of shutting down our LLC. We are still selling assets in 2020 but all debts were paid and the final cash balance was distributed to all members in 2019. I was wondering if there is a line to report the distributions to the members. Do you only need to report those distributions in the membership summary section?
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March 15, 2020
6:06 PM