PAYMENTS FROM LLC

[GUADALUPEALLPOOLS]

I have an LLC with my husband, we both got payments from the LLC and of course we have the K1's from it.  do i have to file that money we received from the llc into our own personal taxes on sch C or do i just file the k1 for me and my husband 2024. we r in Nevada

my question is ,do i file sch C from the money we withdrew from llc and file k1 also in the personal tax return?

[AmeliesUncle]

No, you don't file a Schedule C.

Unless the money withdrawals were in excess of your Basis in the Partnership, they are not taxed because you already paid/are-paying tax through the K-1s.