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Partnership 401K Guaranteed Payments
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Avs19
Level 7
3 weeks ago
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I'm getting conflicting information regarding partnership 401K contributions and guaranteed payments. Should both the deferral and match be shown as a guaranteed payment?
One of the partners made a $23,000 deferral contribution and plans to have the partnership match $16000 based on his taxable portion of income in box 1 from the K1.
Should we show $39000.00 as a guaranteed payment to him and report in box 13?
Thanks
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