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Level 1
posted Oct 4, 2020 12:48:19 PM

Own an LLC that had a net loss for 2019. Entered K1s. Does self employment tax section apply (earnings of at least $400 AND nonfarm optional less than five times)? Huh?

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Level 15
Oct 4, 2020 12:59:59 PM

Look at your K-1. Is there a figure on Line 14?