The instructions to the K2 leave a lot to be desired. Should we be trying to tie out everything on Sch K? I see no place for guaranteed payments & GP for health insurance but there is a spot for charitable contributions. They refer to "net income" on the last line of the deductions section but contributions isn't used to determine net income anywhere else in the return yet it's on the K2. Originally I have been preparing Part I & II to agree with ordinary income, rental income, interest, dividends cap gains, etc. to match up to the K. Totally confused on this one...
26-Jan-2023 2:46pm
