Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
stevepettit72
Level 1

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.
2 Replies
tagteam
Level 15

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?

Typically they would be reported on Line 19.

stevepettit72
Level 1

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?

Thank You!

Dynamic AdsDynamic Ads
Privacy Settings
v