Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
N
narendran-kandas
February 4, 2023
Question

I need to report profit distributed (from rental) with LLC members in Sch K-1,box 19. Where to enter the distributions in the step by step method in business version?

  • February 4, 2023
  • 1 reply
  • 0 views
No text available

1 reply

AliciaP1
AliciaP1
February 5, 2023

It depends on what kind of business return you are filing, but generally, you need to enter partner/shareholder distributions in the partner or shareholder information section.

 

Under Partner or Shareholder Information on the Business Info tab, you can click Done Entering on the summary page.    The next question asks about distributions and you should answer Yes and add the distribution value as appropriate.

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

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification