Question

K-1 : no 4c question from Turbo Tax?

Forum|Forum|4 years ago
April 7, 2022
1 reply
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Entering accountant prepared K-1 into Turbo Tax , there is no #4c in Turbo Tax: Total Guaranteed payments. I take this as no not fill in #4B guaranteed payments for capital

TurboTax Home & Biz Windows

J

JulieS

Box 4c on Schedule K-1 for a partnership is a calculated field. If you enter a number in 4a and/ or 4b, the total appears on line 4c.

If your form has a figure in box 4c, but 4a and 4b are blank, you will need to contact the accountant to find out if your guaranteed payment is for services , or for use of capital.

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