Hello there adarby,
Hearty congratulations on your promotion!!
It's great that you have already paid estimated taxes for 2024 (110% of your 2023 Total Tax). What's new this year for you is that you should be getting a Schedule K-1, when the Partnership files its taxes. You will need to enter that K-1 when you do your own personal tax return.
Here is some additional information:
Partnership Taxes: A Guide for Beginners
What is a Schedule K-1 Tax Form?
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
Have an amazing day.
AR (CPA 10+ years)
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