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We received withdrawals from our LLC. The K-1 generated shows a Code D on Line 16, which describes the withdrawals as Property Distributions. Is this right?
stevepettit72
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We received withdrawals from our LLC. The K-1 generated shows a Code D on Line 16, which describes the withdrawals as Property Distributions. Is this right?
Withdrawals were all cash.
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TurboTax Live Self Employed
February 25, 2021
7:34 AM
tagteam
Level 15
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Retirement tax questions
Typically they would be reported on Line 19.
February 25, 2021
7:42 AM
stevepettit72
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Retirement tax questions
Thank You!
February 28, 2021
5:03 AM
