I am preparing a 1065 return where they have a 401. Is the safe harbor portion which includes the employee and partner portion all deductible as a business expense shown on the front of the return or is the partner portion flow to K-1
The partner's portion is separately stated on the K-1. I believe the employer match allocated to the partners is also included in that separately-stated item, but it's been a while since I reviewed the forms instructions.
The employer match for partners is also a separately stated K-1 item.
