Allocating guaranteed payment for services to partners on K-1

[rmclemor]

I am entering tax information for a LLC partnership.  I need to allocate different amounts to each partner for the guaranteed payments they receive related to services provided to the business.  Where do I enter this information.  I can find no place to do so in any of the screens and the software is not allowing me to update the amounts of the K-1 forms directly.  

[tagteam]

Look for the following screen and hit the Start button.

[tagteam]

On the following screen, make sure you click the Allocate by Amount button.

[MinhT1]

Please read this answer from JulieCo which addresses your question.

[tagteam]

@rmclemor 

Again, after you enter the total amount of guaranteed payments, ensure that you click the Allocate by Amount button at the bottom of the screen so you can allocate a specific amount to each partner.

[rmclemor]

Thank you!  That worked.