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'N > M. Shift End 0 Alt Gr III cul ins...

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Accounting

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'N > M. Shift End 0 Alt Gr III cul ins Question 49 of 75. Molly is a partner in an engineering firm. She is guaranteed a payment of $50,000 each year without regard to the firm's profits or losses. Assuming the payment is reported correctly on her Schedule K-1 (Form 1065), how should Molly report this income on her tax return? Other income, reported on Schedule 1. Additional Income and Adjustments to Income. Passive income, reported on Schedule E, Supplemental Income and Loss. Nonpassive income, reported on Schedule E, Supplemental income and Loss. Wages, salaries, tips, etc. reported directly on Form 1040, Mark for follow up Summary Next >> Save / Return Later Back

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