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Distributions cannot be entered on Line 19 of the Form K1 P/S

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The entry on the Form K1 P/S Pg. 1, Line 19 is for cash distributions from the partnership. This amount is not per se taxable. It is only taxable to the extent that the distribution exceeds partnership basis or at-risk basis limitations. If the distribution exceeds the partnership basis or at-risk limitation, then it will need to be reported to Form 8949 after receiving the appropriate Form 1099.

 

 

 

 

 

 

 

 

Additional Information

 

Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu:Las distribuciones no pueden ser ingresadas en la lnea 19 de la forma K1 P/S, pgina 1 en una declaracin de impuestos en SureFire

Tags: federal,form