George4Tacks
Level 15
‎09-07-2020 07:15 PM

Yes. Enter partner percentages for income/loss/capital - I assume 60/40 for all

Enter guarantee payments expense (e.g. $300 from your example).  https://proconnect.intuit.com/community/form-1065/help/entering-and-allocating-partners-guaranteed-p...

Enter special allocations for the guarantee payments. https://proconnect.intuit.com/community/partnership/help/how-do-i-use-special-allocations-in-proconn...

Also see https://proconnect.intuit.com/community/proconnect-tax-discussions/discussion/how-do-you-enter-partn...

 


Answers are easy. Questions are hard!