form 1120 C corp

[huntgal]

Where do I enter information from a 1065 K-1 where the partner is a C corp?

There is guaranteed payments and self employment income.

Thank you

[sjrcpa · Accepted solution]

Ignore the self employment income since corporations do not have that, even though they are people. Enter Guaranteed Payments as  if they were K-1 Line 1 income.

[Accountant-Man]

How did the corporation work to get Guaranteed Payments?

[Accountant-Man]

I still don't know what work the C Corp. did.