On Sat, 6 Sep 2008 18:35:24 EDT, "bm30003700[at]aol.com"
<bm30003700[at]aol.com> wrote:

- quote -

It could be in the nature of a return no capital. This is a
function of the Operating Agreement.
--
Bruce Davidson Cantor, CPA, JD
Admitted in Colorado

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Is there a possible characterization of guaranteed payments, other
than self employment? I'm looking at a 2007 K-1 from a LLC, issued to
a general partner. Guaranteed payments show on line 4, but there is
no
corresponding entry on line 14. Year 2006 K-1 was the same.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >