CoachSteve
Level 1
12-07-2019
08:52 AM
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4 person Sub-S with 1st year of operation in 2018. Only one member took a distribution in 2018. When entering the amount on Sch K in the "Shareholder Distributions and Dividends Smart Worksheet" it automatically allocates the amount to the 4 members in a pro rata share.
Is there a separate place to enter non-pro rata distributions (cash only) and then enter directly on each member's K-1? Or, do I need to override the distributions on each K-1 separately?
Steve P.
Best Answer Click here
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