Partner W-2

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  • jamim1
    Junior Member
    • Feb 2009
    • 1

    #1

    Partner W-2

    I have a client that is a general partner in a partnership. The client received a W-2 form from the partnership. The partnership has a substantial loss to pass through to the partners.

    1) Should the W-2 wages be reported as guaranteed payments and added back to the partnership loss???

    Jamim1
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    Partnerships do not issue W-2's to partners. P/L flows thru on K-1, subj to SE tax.

    Comment

    • BHoffman
      Senior Member
      • Feb 2008
      • 1768

      #3
      I've seen sole proprietors take W2 wages before. I would just enter the W2 and the K1 and try to explain to them the proper way to issue payments to partners for this year going forward.

      Good luck!

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