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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I believe you have to override. Make sure you check the PA K1s as well as the federal k1s... just my opinion.
I believe you have to override. Make sure you check the PA K1s as well as the federal k1s... just my opinion.
Thank you for confirming.
You are welcome... We have to try to help each other...
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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