Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- I have partners in a partnership who receive royalty payments ,have an ownership % but do not have profit or loss %. How do I report on the return & K1s the royalies?
I have partners in a partnership who receive royalty payments ,have an ownership % but do not have profit or loss %. How do I report on the return & K1s the royalies?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
royc
Level 2
04-05-2023
09:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Can this be reported as guarantted payments to partners?
Labels
2 Comments 2
sjrcpa
Level 15
04-05-2023
09:49 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
No it is not Guaranteed Payments. Royalties are a separately stated pass through item and retain their character. If you know how much each partner received, specially allocate them.
Ex-AllStar
