My K-1 shows a distribution but the Parntership did not distribute any money this past year. Why do i have to pay taxes on it?

[patbusche]

I am a small minority owner and have no say in whether to distribute or not.  Seems unfair to have to pay on money I have not recvd.

[TaxGuyBill]

Sorry, that is the way the law is written.  You pay taxes on the profit of the business, regardless of what you actually receive.

However, whenever you do receive a distribution, you will not pay taxes on it because you have already paid taxes on it.(assuming the distribution isn't more than your share of the profit).