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Can ProConnect show a guaranteed distribution

j-kent-poff
Level 1
e.g., AB partnership has income of $900.  A has a guarantee of $200 and 40% of balance.  B has a guarantee of $100 and 60% of the balance.
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3 Comments 3
George4Tacks
Level 15

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!
j-kent-poff
Level 1

Thank you for your information.  It works well.  I am still playing with the distributions and trying to learn more.  Again, thanks for your help.

J. Kent Poff

[phone# removed]

 

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sjrcpa
Level 15

You should not post your phone number here. This is a public forum open to all-tax pros and spammers (and worse).

The more I know, the more I don't know.
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