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RENTAL PARTNERSHIP- 1065

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Level 1

Entered guaranteed payments on the ordinary income tab, but now the k-1 shows negative ordinary income? how do i fix this? 

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3 Replies 3
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Level 15

You can enter on the 8825 and then override the Guaranteed Payment line on the K-1s.


ex-AllStar
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Highlighted
Level 1

WHAT LINE ON THE 8825?

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Highlighted
Level 15

What are the Guaranteed Payments for? Find a descriptive line. Or Other Deductions.


ex-AllStar
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