199A deduction from K1

[Pacun]

Two partners 80% and 20%. 

I am preparing 1040 for the 80% partner and his K1 shows guaranteed payments for a total of $140K.  The partnership ordinary income is $100K of which my client got $80K on his K1.  My client is the one who does all the work for the partnership (active participation).  I can deduct 199A from the $80K but not from the $140K, correct?

 

[TAXMAN]

My understanding is that Guaranteed payments do not qualify for the 199A deduction.