Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

PA-65 Guaranteed Payments Split

BeckerMgt
Level 2

So it seems that on the PA-65 ProSeries automatically splits the federal guaranteed payments paid to partners for services based on their ownership percentages. Obviously these payments are not paid out that way. Is there a way to change that setting or do I have to override each partner's RK-1 to change their amount?   

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
PATAX
Level 11

I believe you have to override. Make sure you check the PA K1s as well as the federal k1s... just my opinion.

View solution in original post

5 Replies 5
PATAX
Level 11
 
0 Cheers
PATAX
Level 11

I believe you have to override. Make sure you check the PA K1s as well as the federal k1s... just my opinion.

View solution in original post

BeckerMgt
Level 2

Thank you for confirming.

0 Cheers
PATAX
Level 11

You are welcome... We have to try to help each other...

BeckerMgt
Level 2

Yeah, I've been doing it for a few years just overriding the individual amounts. I figured I would see if anyone has discovered a better way.  

0 Cheers