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I have a 2 shareholder (married couple) 1120s which issued a $20,000 distribution to only one shareholder. Why does Turbo Tax issue k-1s showing $10,000 EACH?
chuey4
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I have a 2 shareholder (married couple) 1120s which issued a $20,000 distribution to only one shareholder. Why does Turbo Tax issue k-1s showing $10,000 EACH?
The two married shareholders live in a community property state.
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TurboTax Premier Online
‎June 5, 2019
3:59 PM
