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    dschinzel's Avatar
    dschinzel Posts: 1, Reputation: 1
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    #1

    Apr 27, 2008, 01:21 PM
    Partnership withdrawals
    If the partners withdraw more than they put into the company do you enter it as a drawing and if so how do you close it out at the end of the year?
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    delite's Avatar
    delite Posts: 202, Reputation: 3
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    #2

    Apr 27, 2008, 09:02 PM
    In essence they will be drawing down from their equityat the end of they year thet will have a return of capital,amounts drawn in excess, become taxable dividends
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