thepensionmaven Posted August 14, 2018 Posted August 14, 2018 An accountant we deal with forwarded his client's P&L for 2017, there are 2 partners. Would not each of the partners' contribution be based on net ordinary income plus guaranteed payments?
Larry Starr Posted August 14, 2018 Posted August 14, 2018 Is your question actually whether Guaranteed Payments are part of net self employment income? Yes. Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
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