If a partnership that has no agreement & literally pays out to 5 partners over 1 million dollars, , how much ,if any, would be considered guaranteed payments?
As far as I know, there is no requirement (yet) for "reasonable compensation" via a Guaranteed Payment. I suspect with QBI that will change, but as of now, I'm not aware of anything that requires it.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
