- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
I highly recommend you seek local professional assistance to get educated on how a partnership works and how to set up the books. The 1065 is a pass thru entity and even though you did not remove money from the partnership you did have profits and that must be passed thru to the partners on a K-1 from the form 1065 ... what you did with the profit has no bearing on the situation.
‎June 4, 2019
9:10 PM
27,625 Views