samsed
Level 2
K-2 part 2 Foreign Tax Credit limitation, line5 asks for guaranteed payments. This ads up to Gross income. I've looked the instructions and it skips line 5 hah.. What am I not understanding correctly? isn't this were the guaranteed payments to each partner need to go split btw source? Am I to then include it twice under business expenses to come up with the net amount?
0 Cheers