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rb55723
New Member

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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IreneS
Intuit Alumni

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.

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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IreneS
Intuit Alumni

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.

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"
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