A couple of comments:
- Not sure how you entered the basic information in TT, but in most states an LLP is a type of general partnership.
- So in my mind, I would indicate in TT that you are a general partner and that should solve the problem based on the original posters comment.
- I would not recommend overrides as TT will not be able to be efiled and paper filing only leads to a potential quagmire.
- Material participation has nothing to do with line 4a, as a guaranteed payment is essentially the same as a wage; earned regardless of the income of the partnership.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
