Abby Morales is a general partner in High Success Partnership that provides executive coaching services. She works about 20 hours per week providing coaching and related services for the partnership business activities. A portion of her Schedule K-1 for 2022 is shown below. 651121 Final K-1 Amended K-1 OMB No. 1545-0123 Schedule K-1 (Form 1065) 2022 Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items Department of the Treasury Internal Revenue Service For calendar year 2022, or tax year 1 Ordinary business income (loss) 56,897 14 Self-employment earnings (loss) 2 Net rental real estate income (loss) 3 Other net rental income (loss) 15 Credits 4a Guaranteed payments for services 30,000 4b Guaranteed payments for capital 1,000 16 Schedule K-3 is attached if checked . . . . . . . . . . . . 4c Total guaranteed payments 31,000 17 Alternative minimum tax (AMT) items 5 Interest income 72 6a Ordinary dividends 0 6b Qualified dividends 0 18 Tax-exempt income and nondeductible expenses 6c Dividend equivalents 0 7 Royalties 0 8 Net short-term capital gain (loss) 0 19 Distributions 9a Net long-term capital gain (loss) 0 beginning 1 / 1 / 2022