slskservices
Level 1

I have a client who received a distribution from an LLC (reported on the client's K-1 received from the LLC, Box 19 A).  My client is an S Corp so am wondering how I report this distribution received, specifically, does it go on the M-2 under line 3 - other additions or somewhere else?

Thanks!!

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sjrcpa
Level 15

It reduces the Investment in LLC account on the S corp's balance sheet.


Ex-AllStar

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slskservices
Level 1

Thank you!!!!

sjrcpa
Level 15

You're welcome.


Ex-AllStar
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