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Sue is a 50% partner in a coffee kiosk. According to the partnership agreement, Sue will receive a guaranteed payment each year of $20,000 for
Sue is a 50% partner in a coffee kiosk. According to the partnership agreement, Sue will receive a guaranteed payment each year of $20,000 for the work that she does running the coffee shop. The guaranteed payment will be reported on: |
Schedule K, line 4; and Schedule K-1, box 4 only. | |
Form 1065, page 1, line 10. | |
Form 1065, page 1, line 10; Schedule K, line 4; and Schedule K-1, box 4. | |
Form 1065, page 1, line 10; and Schedule K-1, box 4 |
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