Bob2605
Level 1
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I have a K1 (1065) Box 13 Code W with line items for a Profit Sharing Plan and a Defined Benefit Plan.  The software advises me to enter these in the appropriate place in the return.  Since these amounts were deducted from the partner's distribution, I am thinking to use Schedule 1 - Line 15.  However, the sub schedule seems to limit these entries to Keough Plans only.

If these are not Keough Plans (inquiry pending), is there another place to deduct these items from income?   I am thinking that the treatment would be similar to a 401K plan.

Feedback appreciated.

 

Bob2605

 

 

 

 

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