jkharvey Posted February 14, 2011 Posted February 14, 2011 The partners have K1s with heavy loss. The CPA has also issued them W2 for some compensatoin paid to them. I think that the W2 is incorrect and is really just guaranteed payments that should have been reported on K1, but that isn't my question. Am I correct (I hope not) that the loss on K1 gets added to these W2 to determine if these partners have any plan compensation?
PensionPro Posted February 14, 2011 Posted February 14, 2011 Yes, the earned income and W-2 amounts are aggregated. PensionPro, CPC, TGPC
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