Thanks much for taking this question up and for asking for a clarification. I will do my best based on what I think I know!Partners in a partnership are paid in...
If what you say is true, then Turbo Tax Business needs to change their program. In the Deductions section, the program asks for an entry under Guaranteed Paymen...
Agree. The K-1 form reports the guarantee payment on line 4c. The partner reports the total income including ordinary income (line 1) plus the guarantee payment...
