1065-US: Entering nondeductible guaranteed payments (FAQ)

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Question

Where do I enter nondeductible guaranteed payments?

Answer

Enter nondeductible guaranteed payments in Screen SepK of the related activity. These amounts are not deducted on the activity, but the amounts are included in total guaranteed payments on Schedule K, line 4, which are distributed to the partners.

Related topic: Guaranteed payments FAQs (1065)

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