Great advice.
Example:
2 partners 50% each
2022 profit $50k (end of year balance $200k)
2021 end of year balance +$150k (did not withdraw funds)
Partners taxed on $50k for 2022 but can label a Distribution on the K-1 box 19 with code A for $100k each ($200k end of year profit).
@Critter-3 has the best answer with a link explaining Line 19 on the K-1
