Solved: For LLC. K-1 determined. Can I electronically transfer funds bus to pers account or do I need to write check dated in 2017. It is now January 2018.

For LLC. K-1 determined. Can I electronically transfer funds bus to pers account or do I need to write check dated in 2017. It is now January 2018.

I transferred funds(business profit as shown on K-1) electronically, business account to personnel account and annotated it as "FY2017 Distribution". Should I instead write a check dated in December 2017?

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It's OK to transfer funds electronically from your business account to your personal account. There is no need to write a paper check.

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It's OK to transfer funds electronically from your business account to your personal account. There is no need to write a paper check.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

WARNING TurboTax Business users. Business TurboTax is not transferring all information from the previous years return

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For LLC. K-1 determined. Can I electronically transfer funds bus to pers account or do I need to write check dated in 2017. It is now January 2018.

For LLC. K-1 determined. Can I electronically transfer funds bus to pers account or do I need to write check dated in 2017. It is now January 2018.

For LLC. K-1 determined. Can I electronically transfer funds bus to pers account or do I need to write check dated in 2017. It is now January 2018.

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For LLC. K-1 determined. Can I electronically transfer funds bus to pers account or do I need to write check dated in 2017. It is now January 2018.

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For LLC. K-1 determined. Can I electronically transfer funds bus to pers account or do I need to write check dated in 2017. It is now January 2018.

For LLC. K-1 determined. Can I electronically transfer funds bus to pers account or do I need to write check dated in 2017. It is now January 2018.

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