cpc0506 Posted February 6, 2017 Posted February 6, 2017 New client to us. Tells us company is a 51/49% partnership with wife/husband. We received draft K-1s for both. K-1 for wife has a dollar amount on line 14a. K-1 for husband (whose K-1 lists him as a limited partner) is showing nothing on line 14a. Has anyone seen this before? It is my contention that the husband does not have compensation for retirement plan purposes. There is nothing on the guaranteed payments line for either partner.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now