willatbird
Level 5
02-05-2025
04:42 PM
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Partnership pays matching 401K amounts on behalf of their partners. I understand these are considered Guaranteed Payments to Partners. When you enter them on the input for K-1 line 13R they do not get added to the Guaranteed payments on line 4a. (Health insurance does this properly). If you add them to the Guaranteed Payments on the Deductions input then line 4a is correct, but if you leave it on 13R the expense is duplicated and the capital accounts are too low.
Has anyone dealt with this? Am I misunderstanding how it all works?