Why does the K1 from my LLC partnership show payroll when I was not the employee?

[IreneS]

Where on the K-1 is payroll being listed?  Is the K-1 from a partnership, or S-Corp?

[TaxGuyBill]

Are you referring to Box 20, with code "AA"?

[rosannemartino]

Yes, referring to Box 20 with code AA, from a partnership.

[TaxGuyBill · Accepted solution]

That is just reporting your share of the W-2 wages that the Partnership paid.  It has nothing to do with what you received.  That number is one of several things used to calcuate the new 20% "Qualified Business Income" deduction.

[rosannemartino]

Thank you!