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Level 5
January 6, 2026
Solved

K1 form - line 14

  • January 6, 2026
  • 8 replies
  • 333 views

some how in the the line 14 box in addition to self employed earnings (which is correct) i got a new entry,  "C" was added and an ammount I do not recognize -- what is it? where did it come from?

tkx

Jim

Best answer by Mike9241

Perhaps this is the reason. 

The non-farm optional method is available for determining net SE earnings from nonfarm business and is available when net nonfarm profit is less than $7,849 and also less than 72.189% of gross nonfarm income. in addition, SE income must have been $400 or more in 2 of the last 3 years. it can not be used for more than 5 years, whether or not consecutive.

 

 

 

8 replies

Mike9241
Level 15
Level 15
January 6, 2026

1065 - k-1 -box 14 item C is computed by Turbotax

Code C. Gross nonfarm income. If you're an individual
partner, use this amount to figure net earnings from
self-employment under the nonfarm optional method on
Schedule SE (Form 1040), Part II.

Mike9241
OldCarGuyAuthor
Level 5
January 6, 2026

this is the frst time ive seen this in 5 years? It's for our car club.  we ever make or lose for than $50.  The system put over $2000 in boc 14?

 

OldCarGuyAuthor
Level 5
January 6, 2026

it not this way on any for the last 5 years returns -- i must have checked the "wrong" box -- any ideas what i did differant?