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Business & farm
Ok ... why don't you look at the form 1065 instructions ... K-1 box 19 ... cash distributions .... https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf
Of course ... what is distributed to the partners may not be what they are actually taxed on thru the K-1 form. If you do not understand pass thru entities then using a professional the first year is wise for the education alone as well as getting your books in order.
‎February 19, 2023
12:50 PM