Partnership with multiple partners - most are limited partners not involved in operations and one general partner. This is the first time I've had to deal with partnerships directly:
1.) I'm assuming on the K-1 distributions subject to self employment taxes count? Box 14-A on the K-1.
2.) Does the partnership actually have to distribute cash to partners in that time period, or is the loan forgiveness auto calculated based on the 2019 K-1 number (Box 14-A of K1 * (8/52). Or 24/52 depending on the new rules once clarified.