pbp
Level 3
‎03-14-2025 08:11 PM

This is a new partnership.  The partnership gave partners a 1099 for work they performed is there anyway to correct this?

0 Cheers
Reply
sjrcpa
Level 15
‎03-14-2025 08:35 PM

File corrected 1099s with -0-s.

File 1065 showing the amounts as Guaranteed Payments.


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

View solution in original post

Reply
pbp
Level 3
‎03-19-2025 09:01 PM

Sorry for the late response.  Thank you so much for the advice.  I did what you suggested.  

Thanks again.  What would I do without this group of knowledgable folks.

Reply
sjrcpa
Level 15
‎03-19-2025 10:05 PM

You're welcome.


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