https://ttlc.intuit.com/community/business-taxes/discussion/do-i-have-to-fill-out-line-19a-on-schedule-k-form-1065-distribution-of-cash-and-marketable/01/658824#M26175 Should the amount distributed be less than or equal to the 2016 ordinary business income&nbsp;&nbsp;Is is ok if the distribution amount is greater than the ordinary business income? Thu, 06 Jun 2019 09:23:04 GMT herbcraftorders 2019-06-06T09:23:04Z https://ttlc.intuit.com/community/business-taxes/discussion/do-i-have-to-fill-out-line-19a-on-schedule-k-form-1065-distribution-of-cash-and-marketable/01/658824#M26175 Should the amount distributed be less than or equal to the 2016 ordinary business income&nbsp;&nbsp;Is is ok if the distribution amount is greater than the ordinary business income? Thu, 06 Jun 2019 09:23:04 GMT https://ttlc.intuit.com/community/business-taxes/discussion/do-i-have-to-fill-out-line-19a-on-schedule-k-form-1065-distribution-of-cash-and-marketable/01/658824#M26175 herbcraftorders 2019-06-06T09:23:04Z https://ttlc.intuit.com/community/business-taxes/discussion/this-line-has-nothing-to-do-with-how-much-money-the-llc-m/01/658832#M26176 <P>This line has nothing to do with how much money the LLC made. &nbsp;This line must represent actual distributions paid out to each member.</P><P>Each member should also be maintaining a basis schedule of their investment in the LLC. &nbsp;This schedule must be updated annually as it provides the necessary information such as whether there is sufficient basis and at-risk to take any losses (if applicable) and also whether there is any gain due to distributions that exceed basis.</P> Thu, 06 Jun 2019 09:23:06 GMT https://ttlc.intuit.com/community/business-taxes/discussion/this-line-has-nothing-to-do-with-how-much-money-the-llc-m/01/658832#M26176 Rick19744 2019-06-06T09:23:06Z