Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Re: Client has K-1 in publically traded partnership. They are passive investors on their K-1 Line 4b it shows $1000 as "guaranteed payments for capital": is this taxable?
Client has K-1 in publically traded partnership. They are passive investors on their K-1 Line 4b it shows $1000 as "guaranteed payments for capital": is this taxable?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
dvinegrad
Level 3
03-30-2024
11:59 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
1 Comment 1
PhoebeRoberts
Level 11
03-30-2024
12:47 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes; it's essentially interest income. Under Line 20, right above the QBI grid, there's a line to enter the same amount to indicate that there's no SE tax.
