jknecht
Level 3
05-06-2020
12:51 PM
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Hey, so there is a silent partner who shares in the profits, but not in the Cash Balance and pension items. Is there a way to enter the Cash Balance K1 without having to change the partnership percentages since the silent partner does not get any of the CB?
Please let me know since if I take it through as an 'Employee' Benefit' it does not show the money going to the partner for his Cash Balance.
Thoughts are welcome on this, as I am stuck, even after talking with a couple of folks that have done partnership returns for 30 years.