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Where do I enter partner distributions on a 1065 business return?

K1 Line 19 entries - Do they need to be entered manually in the form?

 

I'm using TT Business for a partnership and am not getting asked to input distributions for the K! Line 19. Is Line 19 required and do I have to manually enter that amount in the form itself?

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PatriciaV
Employee Tax Expert

Where do I enter partner distributions on a 1065 business return?

Partner Distributions are entered under Business Info >> Partner/Member Information. For each partner, enter the cash distribution received on the Member Capital page. TurboTax will carry that information to the related Schedule K-1.

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1 Reply
PatriciaV
Employee Tax Expert

Where do I enter partner distributions on a 1065 business return?

Partner Distributions are entered under Business Info >> Partner/Member Information. For each partner, enter the cash distribution received on the Member Capital page. TurboTax will carry that information to the related Schedule K-1.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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