1065-US: Entering pension and IRA contributions for partners (FAQ)

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Question

How do I enter pension and IRA contributions for partners?

Answer

Enter the pension and IRA contributions in the Guaranteed payments: Pensions and IRAs field in Screens 4835-2, F-2, Inc, OGWell, and Rent. UltraTax CS automatically includes this amount as a guaranteed payment on the related activity. The amounts are also reported on Schedule K, lines 4 and 13d; and Schedule K-1, boxes 4 and 13, code R.

Enter the portion of pension and IRA contributions that does not represent guaranteed payments in the Other pensions and IRAs field in Screen K-2.

Related topic: Guaranteed payments FAQs (1065)

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