@Carl @Rick19744 Thank you for that insight. I researched further and this is indeed a pass-through LLC. I will request a K-1 Form 1065. But should payouts be recorded in Box 9a (Net long-term cap. gains) rather than of Box 4 (Guaranteed payments), since I am a passive investor and the original investment was in 2017? An accountant may be consulted, but good to hear other opinions on the mater, as time allows.
