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mja4650
New Member

My k1 14 self empl. has code A and C. C is my 1/3 share of the gross income. How do I report the income for my taxes and SE taxes? Will I be taxed on the gross and 14A?

 
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Ashby
New Member

My k1 14 self empl. has code A and C. C is my 1/3 share of the gross income. How do I report the income for my taxes and SE taxes? Will I be taxed on the gross and 14A?

No, your self-employment income (14A) will be what is taxed.

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1 Reply
Ashby
New Member

My k1 14 self empl. has code A and C. C is my 1/3 share of the gross income. How do I report the income for my taxes and SE taxes? Will I be taxed on the gross and 14A?

No, your self-employment income (14A) will be what is taxed.

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