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My wife and I have a Partnership and I am a 60% Partner and my wife is a 40% Partner. My question: everytime I take a Cash Distibution
do I have to make a separate check out for my wife? For example,
let's say I took a Cash Distribution of $600, then do I have to make a separate check for $400 for my wife or can I just make out one check for $1,000 and allocate it accordingly in the memo section of the check, i.e. $600 (60%) for me and $400 (40%) for her?
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