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Level 3
March 2, 2021
Solved

PA-65 Guaranteed Payments Split

  • March 2, 2021
  • 4 replies
  • 28 views

So it seems that on the PA-65 ProSeries automatically splits the federal guaranteed payments paid to partners for services based on their ownership percentages. Obviously these payments are not paid out that way. Is there a way to change that setting or do I have to override each partner's RK-1 to change their amount?   

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Best answer by PATAX

I believe you have to override. Make sure you check the PA K1s as well as the federal k1s... just my opinion.

4 replies

PATAX
PATAXAnswer
Level 12
March 2, 2021

I believe you have to override. Make sure you check the PA K1s as well as the federal k1s... just my opinion.

BeckerMgtAuthor
Level 3
March 2, 2021

Thank you for confirming.

PATAX
Level 12
March 2, 2021

You are welcome... We have to try to help each other...