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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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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?

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

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