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J
jknecht
Level 4
April 26, 2020
Solved

Entering Profit Sharing Contributions & Cash Balance by Business on a 1065

  • April 26, 2020
  • 1 reply
  • 19 views

Hey Friends,

I don't do that many 1065s and I would a confirmation or answer, if I am wrong. 

For and Profit Sharing Contributions made by the Business - I put them under Employee Benefit Programs?  I believe so but would like confirmation.

Also for Cash Balance Contributions - those go under 'Retirement Plans' correct?

Thanks in advance and stay safe out there.

 

This topic has been closed for replies.
Best answer by sjrcpa

Contributions made for employees for both types go under retirement plans. Contributions for partners get separately stated on Schedules K and K-1.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
April 26, 2020

Contributions made for employees for both types go under retirement plans. Contributions for partners get separately stated on Schedules K and K-1.

The more I know the more I don’t know.
    J
    jknechtAuthor
    Level 4
    April 29, 2020

    Thank you so much for confirming and clarifying.

    sjrcpa
    sjrcpa
    Level 15
    April 29, 2020

    You're welcome.

    The more I know the more I don’t know.
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