On the K-1 For S Corp Tax Return the part where you list profit distribution, is that the profit distribution you gave for the entire year in 2007 (regardless whether it was profit distribution for tax year 2006 /2007) or is that the portion of profit distribution you gave in 2007 for the tax year of 2007 only? This is accural basis.
K-1 & S Corp Tax Profit Distribution
Feb 22, 2008
1 Replies