ZukaAdam Posted April 10, 2019 Report Posted April 10, 2019 Line 20 code Z question: partnership return has $100K on sch K line 1, $20K on sch K line 11 (sec 179), $3K on sch K line 4 (guaranteed payment). Two members. Member A got all of the GP. Does line 20 code Z on sch K get reduced by either the $20K section 179 before it flows to each member's K1? Does it also get reduced by the $3K of GP solely attributable to member B? Baffled. Thanks! Quote
ZukaAdam Posted April 10, 2019 Author Report Posted April 10, 2019 My bad. Meant sch K line 12, not line 11. Sorry. Quote
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