Happy Saturday Everyone! Drake users help.
1. I have a contribution going from the partnership to a 401K for both partners. When I do the special allocation for the Retirement its deducting the R in box 13 but at the amount of the other partner, it should be showing the amount of R that was contributed for him.
2 On 4b Guaranteed payment should I allocate the 401K contribution not subject to SE Tax?
What I'm I missing?
1. I have a contribution going from the partnership to a 401K for both partners. When I do the special allocation for the Retirement its deducting the R in box 13 but at the amount of the other partner, it should be showing the amount of R that was contributed for him.
2 On 4b Guaranteed payment should I allocate the 401K contribution not subject to SE Tax?
What I'm I missing?
Comment