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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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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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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!