Sue is a 50% partner in a coffee kiosk. According to the partnership agreement,

Q: Sue is a 50% partner in a coffee kiosk. According to the partnership agreement,

Solution: The guaranteed payment will be reported on "Form 1065, page 1, line 10; Schedule K, line 4; and Schedule K-1, box 4" Hence 3rd option is correct.

ID: 2432459 • Letter: S

Question

Sue is a 50% partner in a coffee kiosk. According to the partnership agreement, Sue will receive a guaranteed payment each year of $20,000 for the work that she does running the coffee shop. The guaranteed payment will be reported on: Schedule K, line 4; and Schedule K-1, box 4 only. Form 1065, page 1, line 10. Form 1065, page 1, line 10; Schedule K, line 4; and Schedule K-1, box 4. Form 1065, page 1, line 10; and Schedule K-1, box 4 Sue is a 50% partner in a coffee kiosk. According to the partnership agreement, Sue will receive a guaranteed payment each year of $20,000 for the work that she does running the coffee shop. The guaranteed payment will be reported on:

Explanation / Answer

Solution:

The guaranteed payment will be reported on "Form 1065, page 1, line 10; Schedule K, line 4; and Schedule K-1, box 4"

Hence 3rd option is correct.

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Sue is a 50% partner in a coffee kiosk. According to the partnership agreement,

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Explanation / Answer

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