I need help. They've changed the K1 form and I'm not certain about a few things....
1. Item K. Owner's/Shareholder's bais in entity. Instructions say: "Enter the owner's/shareholders basis in the Subchapter K entity / S corporation." Does anyone have a clue to what to enter here? 2. Item X. Withdrawals and Disbributions. Instructions say: Enter the owner's / shareholder's withdrawals and distributions during the tax year. I understand what to put in the withdrawal (I think... it would be whatever the dollar amount was withdrawn.) What do I put for distributions? Do I put distributions for EVERYONE in the club or just for the person withdrawing? Any help would be appreciated. Thanks... ------------------------------------------------------------ TO CHANGE YOUR SUBSCRIPTION ------------------------------------------------------------ You can change your eMail address, or the way you receive club-treasurers messages at: http://lists.better-investing.org/cgi-bin/lyris.pl?enter=club-treasurers To unsubscribe, send an eMail to YOUR PERSONAL AUTOMATED UNSUBSCRIBE ADDRESS: mailto:[EMAIL PROTECTED] ------------------------------------------------------------
