ginayancpa
Level 1

I entered the guaranteed payment amount for capital use on sch-k-1 worksheet, but the amount can't be flowed into the individual schedule k-1.

also, the guaranteed payment can't flow into sch k reconcile (lines 1 thru 17a).

The third question is, we selected to allocate the profit by special allocation amount, and enter the special allocation amount into schedule k-1 worksheet, but this special allocation can't be flow into individual schedule k-1 forms which still showing the amount by ownership percentage.

We didn't have all of these problems in year 2019 tax return. is this because the 2020 software not ready yet? somebody catch these problem yet?

 

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