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I am a managing partner in a multi-member LLC. The company paid me a cash distribution. Do I report my distribution in Schedule C and again in #19 of the K1 section?
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No, do not enter on Schedule C.
The K-1 is all that needs to be included in your return to take care of reporting the income from the multi-member LLC. The property distribution from an LLC taxed as a partnership or as an S-Corp is not directly taxable on your return.
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