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Questions for LLC K-1 box 20B and 20Z
My pass-through LLC received K-1 form from another LLC with values in Box 20 B and Z.
Will existing K-1 Box 20B and Z values be passed to new K-1 Box 20B and Z by profit proportion rate (if distribution is by profit rate)? How to set it up if these existing K-1 values need to pass to the new K-1?
Thank you!
Jennifer
Topics:
March 31, 2023
10:33 PM