sadukes1204
Level 1
02-22-2021
07:45 AM
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Where do I enter payments the partnership made to partners for their SIMPLE IRA plans in the Partnership Return in order for this to properly report on Schedule K1 Box 13 Code R?
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George4Tacks
Level 15
02-22-2021
09:37 AM
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Screen 22 > Deductions > Last entry is a grid use Ctrl + E to open > Select R=Pensions & IRAS and complete the grid
Answers are easy. Questions are hard!
Wantomas
Level 1
03-11-2022
03:17 PM
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Thanks for that reply.
Do you know if there is any way to allocate that amount between partners? I have one partner with a large amount of Guaranteed Payments and the other with none. But the total SEP contribution is split 50/50 between the two K1s and I cant adjust it per the special allocations screen. I assume box 13 code R should reflect the individual partners amount?
