3641858
You'll need to sign in or create an account to connect with an expert.
This is exactly as it should be.
Guaranteed payments are "essentially" wages and not distributions.
You still need to enter the K-1 information in the business section of TT just like any other K-1.
👍 Thanks.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Kh52
Level 2
az148
Level 3
realestatedude
Returning Member
user17545861291
Level 1
blankfam
Level 2