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form 1120 C corp

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Level 3

Where do I enter information from a 1065 K-1 where the partner is a C corp?

There is guaranteed payments and self employment income.

Thank you

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Level 15

Ignore the self employment income since corporations do not have that, even though they are people. Enter Guaranteed Payments as  if they were K-1 Line 1 income.


ex-AllStar

View solution in original post

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Level 15

Ignore the self employment income since corporations do not have that, even though they are people. Enter Guaranteed Payments as  if they were K-1 Line 1 income.


ex-AllStar

View solution in original post

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Level 11

How did the corporation work to get Guaranteed Payments?

** I'm still a champion... of the world! Even without The Lounge.
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Level 11

I still don't know what work the C Corp. did.

** I'm still a champion... of the world! Even without The Lounge.