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So that partner's k-1 should show the total remaining capital account amount in distributions which would zero out their k-1 and any remaining debt would be con...
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Correct, the partner left their capital on as a loan. The two remaining partners went from 33.3% to 50% owners.
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We have a partner who left the company (an LLC) and is being paid out his capital account over three years. Should I file a k-1 for the remaining three years re...
