Where does the information from K1 line 14 code C go on the personal tax return? I know code A is used for self-employment tax computation but can't find where code C ends up.
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Generally, the amount reported on Schedule K-1 (1065), Box 14, Code C Gross Nonfarm Income is not used on the individual income tax return. This amount would only be used if you are using the nonfarm option method for calculating your self-employment tax on Schedule SE.
Thanks. That's what I was reading but it seemed to me it should flow to pg 2 of schedule E. Perhaps it already does from lines 1-10 income so I am overthinking this.
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