phoenixmike230
Level 2
 
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sjrcpa
Level 15

The amount that the partners say is Guaranteed Payments. It could be zero.


Ex-AllStar

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phoenixmike230
Level 2
I am concerned that a Gen Partner with 400K of ord income & no guar payments & than all 400K qualifies for QBI- is a bad look.
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TaxGuyBill
Level 15
As far as I know, there is no requirement (yet) for "reasonable compensation" via a Guaranteed Payment.  I suspect with QBI that will change, but as of now, I'm not aware of anything that requires it.
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phoenixmike230
Level 2
thank you
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