Label L—Total salary and wage expenses
The amount at label L must reflect an amount calculated for tax purposes.
A partner cannot be an employee of a partnership. You can't claim a deduction for partners’ salaries, nor can partners’ salaries create or increase a partnership loss.
Total salary and wage expenses code
If you've entered an amount for salary and wage expenses at this item, you must also enter a code. Select the relevant code from the list provided to the right of label L.
We've provided a generic schedule at this item for dissection and record keeping purposes.