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JRMW
Returning Member

No SE Tax?

We file K-1s for a multi-member LLC, but when we bring that income to the 1040 we didn't have self-employment tax. Is this right?  

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1 Reply

No SE Tax?

So this can be a lengthy discussion and more technical than what this forum is designed for, however, a couple of questions:

  • What type of activity does the LLC perform?
  • Are you material participants in the LLC?
  • What box is checked on your K-1 line G?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
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