A point of clarification for the poster and others:
It was stated "You will get a K-1 and or a W2 to enter into your personal tax return."
Partners in a partnership do not receive W-2's. All renumeration paid to partners is reported on the K-1 as a guaranteed payment.
*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.
