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stevepettit72
Level 1
posted Feb 25, 2021 7:34:09 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.
0
2
836
Reply
2 Replies
Anonymous_
Level 15
Feb 25, 2021 7:42:46 AM
Typically they would be reported on Line 19.
Reply
stevepettit72
Level 1
Feb 28, 2021 5:03:03 AM
Thank You!
Reply
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