LowTaxProInc
Level 2
05-17-2021
12:00 PM
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2 partners-started company with $150 each. Both took $20000 by year end. K1 line 1 is $13199. Box 19 is showing the $20000 on the k1. WHen entering the k1 on the personal return, it doesn't seem to be showing the difference of the distribution and the line 1 as taxable income. What am I missing?
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