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Level 1
June 3, 2019
Solved

I have a single K-1 with guaranteed payments in Box 4. I have income values in Box 1 and 2. Is the guaranteed payment entry required for both rounds through Turbotax?

  • June 3, 2019
  • 1 reply
  • 16 views
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Best answer by FaithY

No. Only enter your guaranteed payments in Box 4 on one of the K-1 entries. 

1 reply

FaithYAnswer
Level 7
June 3, 2019

No. Only enter your guaranteed payments in Box 4 on one of the K-1 entries.