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Get your taxes done using TurboTax
You will most likely have to provide more details before anyone can assist you with this issue.
However, in quite a few instances, what happens is net income (profit) is reported and distributed automatically to members of an LLC but no actual distribution is made. As a result, that leaves an imbalance due to the income flowing into the partners' capital accounts on the balance sheet.
March 8, 2020
6:47 PM