Need Help Classifying Distributions
Our business is a partnership LLC. The partners receive distributions directly from one of the companies checking accounts each month. I am trying to get help on how to classify those distributions so they still count towards our net profit as were taxed by passthrough. Right now I have them all classified as a special line item until I get this figured out, but it counts them as an "Expense" to the company the same way it would if I had a payment to a vendor or our payroll.
If anyone has any insight, please share.