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
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- 401K Match for Partner
401K Match for Partner
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
jcomunale
Level 2
04-18-2021
12:46 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a HW partnership, one partner has a $32k guaranteed payment for services, she made $19.5k and they made an $8k match based on 25% of the $32k. Let's forget for the time being that they didn't consider the SE adjustment on the contribution. Should the SE earnings on the K-1 be $40k ($32k +$8k) on line 14A or should it be $32k? I know her share of the SE earning will also flow there but I wanted to see what the base amount should be to start. Also, if I discover they are overfunded should we have the plan reimburse the partner, I believe so but I cannot measure the extent until I know the line 14A answer. Thank you.
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
