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This article applies to:

  • Product: UltraTax CS
  • Return type: 1065 Partnership

Specially allocating guaranteed payments to partners

  1. On the
    SepK
     screen, select
    Ptr Alloc
     on the related activities to specially allocate guaranteed payments.
    1. Select
      Total guaranteed payments other than health insurance, pensions, and IRAs
       to specially allocate deductible guaranteed payments other than the portion of guaranteed payments for health insurance coverage and for pension and IRA contributions.
    2. Select
      Total guaranteed payments for other than services, such as the use of capital
       to specially allocate guaranteed payments designated for capital.
    3. Select
      Health insurance considered guaranteed payments to partners
       to specially allocate the portion of deductible guaranteed payments for health insurance coverage.
    4. Select
      Pensions and IRAs considered guaranteed payments to partners
       to specially allocate the portion of deductible guaranteed payments for pension and IRA contributions.

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