Thanks for reply!
LLC-A has 3 partners (partnerA 40%, partnerB 25%, LLC-B 35%).
In 2023, LLC-A paid a total of $10k to LLC-B for guaranteed payment.
Schedule K-1 generated by TT for LLC-B listed
Line 4a Guaranteed payments for services $3,500. (seems to be linked to LLC-B ownership in LLC-A)
I feel this should be reflecting $10,00 instead for LLC-B schedule K-1.
Is this the right expectation ?
BTW the operating agreement/minutes of LLC-A reflects this fixed monthly guaranteed payment to LLC-B only... and never to partnerA and partnerB.
Pls advise.
