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Deductions & credits
Thank You,
When I create the K1,s, I check Managing LLC Member.
Upon entering my K1's to create my Form 1040, is where I am hung up, and I noticed a large difference in Federal Taxes owed, if I play with it. An LLC Manager there I believe, is someone hired to manage the LLC. Of the 2 boxes, to choose, it still is not clear.
‎April 19, 2020
4:45 PM