1065-US: Specially allocating guaranteed payments to partners (FAQ)

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Question

How do I specially allocate guaranteed payments to partners?

Answer

Use the following Ptr Alloc buttons on Screen SepK in the associated activity to specially allocate guaranteed payments.

  • Total guaranteed payments other than health insurance, pensions, and IRAs field - To specially allocate deductible guaranteed payments other than the portion of guaranteed payments for health insurance coverage and for pension and IRA contributions
  • Total guaranteed payments for other than services, such as the use of capital field - To specially allocate guaranteed payments designated for capital.
  • Health insurance considered guaranteed payments to partners field - To specially allocate the portion of deductible guaranteed payments for health insurance coverage
  • Pensions and IRAs considered guaranteed payments to partners field - To specially allocate the portion of deductible guaranteed payments for pension and IRA contributions

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