An LLC with two members files taxes as a partnership.   We are just now preparing and filing 2016 tax returns and have discovered the two members paid themselves W-2 wages in 2016.  I know this is incorrect and these amounts should have been categorized as guaranteed payments.    I am curious how others would recommend correcting this at this point.   I am thinking we should file amended W-2s, but since it is from 2016, can we just report the amounts as guaranteed payments on the 1065 (including the 1/2 of the FICA taxes paid by the LLC).