phoenixmike230
Level 2
12-07-2019
12:05 AM
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sjrcpa
Level 15
12-07-2019
12:05 AM
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The amount that the partners say is Guaranteed Payments. It could be zero.
The more I know, the more I don't know.
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sjrcpa
Level 15
12-07-2019
12:05 AM
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The amount that the partners say is Guaranteed Payments. It could be zero.
The more I know, the more I don't know.
phoenixmike230
Level 2
12-07-2019
12:05 AM
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I am concerned that a Gen Partner with 400K of ord income & no guar payments & than all 400K qualifies for QBI- is a bad look.
TaxGuyBill
Level 15
12-07-2019
12:05 AM
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As far as I know, there is no requirement (yet) for "reasonable compensation" via a Guaranteed Payment. I suspect with QBI that will change, but as of now, I'm not aware of anything that requires it.
phoenixmike230
Level 2
12-07-2019
12:05 AM
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thank you