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This article applies to:

  • Product: UltraTax CS
  • Return type: 1065 Partnership

Enter deductible guaranteed payments

Guaranteed payment fields are available in each activity folder to report as expenses associated to the activity. Follow these steps to enter deductible guaranteed payments.
  1. Go to the applicable
    4835-2
    ,
    F-2
    ,
    Inc.
    ,
    K-2
    , or the
    Rent
     screen.
  2. Enter the individual guaranteed payment amount in the
    Total guaranteed payments
     fields for health insurance, pension and IRA, and Other.
  3. Use the
    SepK
     screen in the applicable activity folder to specially allocate guaranteed payments other than health insurance, pension and IRA, and non-deductible guaranteed payments.

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