What is the Equity section disclosure for LLC distributions to members?
Does the distribution need to be disclosed on a separate line item or combined against members capital?
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What is the Equity section disclosure for LLC distributions to members?
Does the distribution need to be disclosed on a separate line item or combined against members capital?
I would typically disclose it separately. If you lump it together, it may not make sense to someone looking at the return/financial statement.
Typically, you can just put - Distributions in the equity section and your accounting system will "lump" it after the close of the fiscal year.
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