Net Earnings From Self-Employment
Net earnings include a partner's distributive share of partnership income or loss (other than separately stated items, such as capital gains and losses). Guaranteed payments to limited partners are net earnings from self-employment if they are paid for services to or for the partnership. It doesn't include income passed through to shareholders of S corporations. (2021 Pub 560, pg 5).
MINIMUM COMPENSATION
Year | 2009-2014 | 2015-2020 | 2021 & 2022 | 2023 & 2024 |
Amount | $550 | $600 | $650 | $750 |
If amount not shown, it was not available at publication date.