Yes, thanks. I was getting confused with another situation.
But I'd love some clarification on your statement about the "requirement for equal treatment of all of the partners with respect to the retirement plan".
If partners are paid different amounts of guaranteed payment for services, then couldn't that limit the amount that the partnership is able to pay for each person's retirement plan, because it can only pay up to the amount of earned income/guaranteed payment?
i.e. If one partner receives $10,000 in guaranteed payment for services, and the other receives $20,000, then can they receive different retirement contributions by the partnership?
Thanks
