|
With pass through entities the net income is taxable to owners regardless of distribution. There are other complications regarding distributions and basis but we won't get into that here.
Sent from my iPhone using Tapatalk
__________________
*****************************************
Well i had #6 adjusted perfectly but then just before i tightened it a butterfly in Zimbabwe farted and now i have to start all over again!
I believe we all make mistakes but I will not validate your poor choices and/or perversions and subsidize the results your actions.
|