@brantly yes, they’ll see it on the business return but it will likely be viewed as a business expense (which it is). You’d want to check with your cpa that it won’t flow through as income. I don’t file a partnership return, which might be different than 1120s. If you’re curious about how a particular FA office will treat this, you could call anonymously, say you are putting together a college list and want to make sure you’re entering correct data in the NPC, and ask directly about business pension expenses and how they are treated.