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    Partner SIMPLE IRA contribution on Partnership Return

    sadukes1204
    Level 1

    Where do I enter payments the partnership made to partners for their SIMPLE IRA plans in the Partnership Return in order for this to properly report on Schedule K1 Box 13 Code R?

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    Accepted Solutions
    George4Tacks
    Level 15

    Screen 22 > Deductions > Last entry is a grid use Ctrl + E to open > Select R=Pensions & IRAS and complete the grid


    Answers are easy. Questions are hard!

    View solution in original post

    2 Comments 2
    George4Tacks
    Level 15

    Screen 22 > Deductions > Last entry is a grid use Ctrl + E to open > Select R=Pensions & IRAS and complete the grid


    Answers are easy. Questions are hard!
    Wantomas
    Level 1

    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?

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