The guaranteed payment M-1 is not really an M-1. It is there to get the return to balance correctly since the guaranteed payments are a separately stated item.
I can't comment on your methodology since I cannot see the return or the expected results.
In my mind, unless you have an M-1 as noted in my previous response, the return is most likely not correct.
Having a red box in TT as you mentioned tells me your methodology is not correct.
*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.
