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 Total guaranteed payments: Pensions and IRAs field in Screens 4835-2, F-2, Inc, OGWell, and Rent and the Total guaranteed payments related to pensions and IRAs field in Screen K-2. UltraTax CS automatically includes this amount as a guaranteed payment on the related activity. The amounts are also reported on Schedule K, lines 4a or 4b and 13d; and Schedule K-1, boxes 4a or 4b 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.

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