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PA-65 Guaranteed Payments Split

BeckerMgt
Level 3

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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PATAX
Level 15

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

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4 Comments 4
PATAX
Level 15

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

BeckerMgt
Level 3

Thank you for confirming.

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PATAX
Level 15

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

BeckerMgt
Level 3

Yeah, I've been doing it for a few years just overriding the individual amounts. I figured I would see if anyone has discovered a better way.  

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