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What is a guaranteed payment to a partner?

Zoe Hall | 2023-06-12 03:18:28 | page views：1296
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Charlotte Nelson

Studied at Stanford University, Lives in Palo Alto, CA
Guaranteed payments are those made by a partnership to a partner that are determined without regard to the partnership's income. A partnership treats guaranteed payments for services, or for the use of capital, as if they were made to a person who is not a partner.
2023-06-12 03:18:28
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Emily Nguyen

QuesHub.com delivers expert answers and knowledge to you.
Guaranteed payments are those made by a partnership to a partner that are determined without regard to the partnership's income. A partnership treats guaranteed payments for services, or for the use of capital, as if they were made to a person who is not a partner.
Publication 541 - Partnerships - Transactions Between Partnership ...
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