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Business & farm
@iOne wrote:
Using TTax Business is it possible to distribute less than 100% of income to K-1 beneficiaries?
No, it is not possible.
The amounts specifically allocated to the beneficiaries need to total 100%. The entire income/gain allocated to the beneficiaries does not need to total 100% but the amounts distributed to the beneficiaries does need to total 100%.
‎April 4, 2024
3:03 PM