We received withdrawals from our LLC. The K-1 gene...
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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!

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