BeckerMgt
Level 3
03-02-2021
11:27 AM
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So it seems that on the PA-65 ProSeries automatically splits the federal guaranteed payments paid to partners for services based on their ownership percentages. Obviously these payments are not paid out that way. Is there a way to change that setting or do I have to override each partner's RK-1 to change their amount?
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PATAX
Level 15
03-02-2021
01:45 PM
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I believe you have to override. Make sure you check the PA K1s as well as the federal k1s... just my opinion.
BeckerMgt
Level 3
03-02-2021
02:30 PM
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Thank you for confirming.
PATAX
Level 15
03-02-2021
03:39 PM
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You are welcome... We have to try to help each other...
BeckerMgt
Level 3
03-02-2021
03:42 PM
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Yeah, I've been doing it for a few years just overriding the individual amounts. I figured I would see if anyone has discovered a better way.
