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Sch K line 20 code Z calculation with section 179 and guaranteed payments


ZukaAdam

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Line 20 code Z question:  partnership return has $100K on sch K line 1, $20K on sch K line 11 (sec 179), $3K on sch K line 4 (guaranteed payment).  Two members.  Member A got all of the GP.

Does line 20 code Z on sch K get reduced by either the $20K section 179 before it flows to each member's K1?  Does it also get reduced by the $3K of GP solely attributable to member B?

Baffled.  Thanks!

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