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New Member
posted Feb 2, 2020 12:26:28 PM

Do gaurenteed payments get reported on a W-2

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1 Replies
Expert Alumni
Feb 2, 2020 12:48:22 PM

If you are referring to Guaranteed Payments to Partners or Shareholders, they are not reported on a W-2, they are reported on the partner or shareholder's K-1.  Taxes are not withheld and the recipient is subject to self-employment tax on the payments.