GUARANTEED PAYMENTS FOR CAPITAL ON PARTNERSHIP K-1

[ellacpa]

I have a Partnership K-1 for a passive investor. She received a guaranteed payment for capital (not services). The K-1 has 3 boxes for guaranteed payments. Box 4a for payments for services (non passive), Box 4b for payments for capital (passive), 4c for total guaranteed payments. In the Lacerte input screen for K-1's, there is only has one option, Box  4  guaranteed payments (non passive). I have the latest program update as well. Will this be corrected in the future? I spoke with 2 agents for technical support and neither one had an answer to this. One gave me a work around but it is incorrectly computing partner basis. Please let us know when your K-1 input screen would open up to the two types of guaranteed payments. It needs one for services (non passive) and one for capital (passive).

[MARCODAN]

any solution for this?

[sjrcpa]

If the payment is for use of capital, isn't it akin to interest and therefor portfolio income (nonpassive)?

[IntuitGabi]

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