Entered amount on Guaranteed Payments worksheet. Entered same amount on K-1 worksheet to the appropriate partner. The guaranteed payments are showing properly on page 4 of the form 1065, but not carrying over to the individuals K-1. Any ideas why?
Is the total amount also showing on page 4, line 4a?
If they are entered on line T of the K-1 worksheets they should carry over to the Schedule K-1's.
The amounts are entered on line T of the worksheet, it is not flowing over to either the individual K-1 or page 4, line 4a.
I called in to help desk, they couldn't get it to work correctly either, they are checking into it.
Wondered if anyone else had the same problem.
Line T is for allocations, not entries. Put it in line 9 A page 1, 1065.
cyffer, did you get it to work yet?
I will work on it tonight and let you know if it worked.
I have it entered in the Guaranteed Payment worksheet for line 10 on page 1 of 1065, but you still need to allocate it to the proper partners K-1, which I thought was thru the K-1 worksheet
