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?