Where do I allocate the guaranteed payment to partners? Right now it's distributing the Guaranteed income between the 3 partners the same as the % share. However, only 1 partner has the guaranteed income
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1 Replies
damp1065
Level 2
Mar 15, 2021 5:49:29 PM
For federal there's a way to allocated to only one partner. I've been able to do this and it comes out correctly on federal K1 but for me the MN state return KPI only allocates the Guaranteed payment to each partner by percent. The software must have a way to handle this common scenario.