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April 9, 2025
Question

My Form 1065 Schedule K-1has nothing in Box 19, only amounts in Boxes 4a and 4c?

  • April 9, 2025
  • 1 reply
  • 0 views
I am a retired domestic limited partner in a non-public LLP.

    1 reply

    Rick19744
    April 9, 2025

    This is exactly as it should be.

    Guaranteed payments are "essentially" wages and not distributions.

    You still need to enter the K-1 information in the business section of TT just like any other K-1.

    *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.
    rpbutteryAuthor
    April 12, 2025

    👍  Thanks.