How do I suppress the self employment tax on guaranteed payments for the paertner
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on the Schedule K-1 Worksheet.. for the S-Corp info...did you use the drop down under Partner Entity TYpe and choose S? that makes it go away...
Where is the partner entity type?
Schedule K-1 Worksheet.... first line. you normally put in SSN and entity type I (for Indiviual) .. but in your case for the S Corp partner....the FEIN... and immediately to the right of that... use the drop down and choose "S"
on the right hand side of k-1 worksheet check type of partner as limited- that will leave income as ordinary and not flow to self employment income on worksheet
'on the right hand side of k-1 worksheet check type of partner as limited- that will leave income as ordinary and not flow to self employment income on worksheet"
if you put the partner type as 'S'... which it is .. a Sub S Corp... you don't indicate it is a limited partner....
not that hard....
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