Anonymous
Not applicable

TurboTax Business adding Guaranteed Payments to Income?

Am I daft or is this really screwy...

 

Multi-member LLC. All expenses entered and recorded correctly. Until I get to guaranteed payments to members for work done. When I enter them into the Deductions section, it's adding them to llc income. I know that it should be adding them to individual member K1s, but it appears to be increasing the net profit of the LLC. 

 

I know this because I deleted the Guaranteed Payments entry and everything is balanced again.

 

I called support yesterday and they couldn't explain it.

 

Am I missing something?