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Level 4
March 15, 2025
Solved

partner actually worked in partnership where do I enter their wages in the 1065

  • March 15, 2025
  • 2 replies
  • 8 views

If a partner works fulltime in the partnership where do I enter their wages in the 1065 

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Best answer by alphy

They are guaranteed payments, not wages. Form 1065, line 10.

2 replies

sjrcpa
Level 15
March 15, 2025

Wages? They are not supposed to get a W-2.

Or is it 1099 as mentioned in your other post?

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/can-this-be-fixed-partnership-gave-partners-1099/00/323917

I suggest you put this mess on extension and deal with it later.

The more I know the more I don’t know.
alphyAnswer
Level 4
March 15, 2025

They are guaranteed payments, not wages. Form 1065, line 10.