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- Form 1065 page 5
Form 1065 page 5
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emanonmac
Level 1
02-17-2021
03:46 PM
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Page 5 of Sch K (Analysis of Net Income) Line 1 shows total net income which includes guaranteed payments to partners and net income from operations. Unlike previous years returns the amount shown on line 2a (Individual /active) only shows net income from operations and nothing for guaranteed payments to partners.
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PATAX
Level 15
02-17-2021
05:10 PM
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Thank you for your post.
