Form 1065 LLC Distributions

[flipz]

In regards for our LLC, Form 1065 (members are husband and wife.  I made up the numbers for my question) :

In year 1 we had earnings in the amount of $5000.00.  In Year 2  I wrote a check to myself and my husband for $5000.00 to pay us for the earnings from Year 1.  

On Year 2's 1065 return do I record the $5000 as a Cash Distribution to Members in Turbo Tax?

[tagteam · Accepted solution]

Yes, since you actually distributed the $5,000.