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
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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.
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.
How did the corporation work to get Guaranteed Payments?
I still don't know what work the C Corp. did.
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