huntgal
Level 3
06-26-2020
06:06 PM
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Where do I enter information from a 1065 K-1 where the partner is a C corp?
There is guaranteed payments and self employment income.
Thank you
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sjrcpa
Level 15
06-26-2020
06:13 PM
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Ignore the self employment income since corporations do not have that, even though they are people. Enter Guaranteed Payments as if they were K-1 Line 1 income.
The more I know the more I don’t know.
Accountant-Man
Level 13
06-27-2020
08:56 AM
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How did the corporation work to get Guaranteed Payments?
** I'm still a champion... of the world! Even without The Lounge.
Accountant-Man
Level 13
06-27-2020
10:02 PM
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I still don't know what work the C Corp. did.
** I'm still a champion... of the world! Even without The Lounge.
