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Dad4487

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Dad4487

Re: RedShoulder post# 23891

Monday, 09/29/2014 1:34:26 PM

Monday, September 29, 2014 1:34:26 PM

Post# of 40315
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If a LLC doesn't distribute profits through a IRS required K-1, the money does not disappear. At some point you do distribute to get the invested partners paid.

What I stated was if no profits are shown.
Have they reported profits?
No.
So,
Hypothetically, it may never report a gain.
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