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  What is the difference between a distribution and a distributive share? How do these affect the owner’s K-1 and individual taxes? Actual distribution is the amount of money withdrawal from the company.  A distributive share is the portion  of taxable... More

  What is the difference between a distribution and a distributive share? How do these affect the owner’s K-1 and individual taxes? Actual distribution is the amount of money withdrawal from the company.  A distributive share is the portion  of taxable income and nontaxable income allocated to the partner based off the partnership agreement. Or if no partnership agreement in place than the percentage or amount is determined by the partner’s interest in the company. The owner’s K-1 will have the distributive share as the amount to be claimed on their personal tax return.  The distributive share may be different than the actual distribution.  PURCHASE THE ENTIRE FILE IMMEDIATELY VISIT http://www.fasthomeworkhelp.com Less