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Partnership ownership is:
LLC - General Partner (1% ownership in all respects)
__________________and_____________________
Individual Natural Person - Limited Partner (99% ownership in all respects).
Guaranteed payments for Services = $75,000
$9504 Health Insurance Premiums paid by the partnership for the Natural Person Limited Partner.
How can the total $84,504 of these 2 amounts attributable ONLY to the Natural Person Partner be entered in ProSeries so that it shows up as Guaranteed payment ONLY on his K1?
Thanks
S Desai
[phone number removed]
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I recommend you edit and Remove your phone number from this internet community to avoid being scammed.
Meanwhile, here is a Help article:
"Level Up" is a gaming function, not a real life function.
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@qbteachmt another poster did that yesterday and I told him or her the same thing .... Not a good idea to put any personal information on this forum, not even the state you are located in.. Maybe I will change my username to USTAX, or GLOBALTAX, or GALAXYTAX.
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You can click the top right menu of any post and flag it as Inappropriate for the moderator to remove any precious info, as well. I like to try to get the OP to do so, because they helps them understand what not to do in their future postings.
"Level Up" is a gaming function, not a real life function.
