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system
llc partnership earned income vs. partnership share
user
why would you file four k-1s for each partner? you file one k-1 per partner, on which you report the total of income attributed to that partner. it shouldn't and cannot "vary". there's no variables here, the income you report is the income already earned and attributed to that partner. what's there to vary? how you decide the attribution of income is governed by your operating agreement, the irs only needs the bottom line.
assistant