Distribrutions from K-1

[Sharonrh]

Where on the 1040 do I report distributions listed on line A 19 for the partner of the partnership?  Should that not be taxable incoem?

[Accountant-Man]

If you don't understand partnership taxation, you should tell the taxpayers that you cannot help them.

Partnership distributions are generally not income.

[IRonMaN]

Ouch

[sjrcpa]

Not taxable, unless the distribution are in excess of their basis in the partnership.

[Just-Lisa-Now-]

Just fill out the K-1 worksheet, it will put everything where it goes.

Distributions are generally not taxable income, you should have other lines of the K-1 that have taxable income though.

[jeffmcpa2010]

Your just glad he said it so you didn't have to!

[IRonMaN]

A man has got to know his limitations.  Since I'm not a woman, I can't speak for them but I think it isn't a bad idea for them to also know their limitations.  Stick to what you do well and that way nobody gets into any trouble.