dd4vols
Level 10
05-12-2020
09:28 PM
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Yes... the amounts that are used for the PPP 'payroll costs' for the lending institutions around here is line 14a of the individual's K'1s. That divided by 12, should get you the avg monthly 'payroll cost' (draw) for each partner. I recommend writing a partner gtd pmt once each month for that avg monthly 'payroll cost' for the partner. Because most bankers are clueless on how partner's incomes/earnings are calculated.
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