1065 Question

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  • nypreparer
    Member
    • Jan 2022
    • 51

    #1

    1065 Question

    I'm looking at a prior 1065 return that has guaranteed payments to partners. These guaranteed payments are showing up on Schedule K line 4a, but not the front page on line 10. What could the cause of this be? There is no rental income involved.
  • RAG1775
    Junior Member
    • Nov 2023
    • 9

    #2
    Two thoughts; (1) error, or (2) possibly the services (expense) by the partner(s) were capitalized.

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