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    stevepettit72
    Level 1
    posted
    ‎February 25, 2021 7:34 AM
    last updated ‎February 25, 2021 7:34 AM

    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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    tagteam
    Level 15
    Level 15
    ‎February 25, 2021 7:42 AM

    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.

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    stevepettit72
    Level 1
    ‎February 28, 2021 5:03 AM

    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!

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