std3517
Level 1

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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