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Get your taxes done using TurboTax
@PatriciaV thanks for the explanation.
So anytime the partnership receives a K1 with ordinary income from another partnership, the self employment worksheet is generated and the partners allocated self employment on Box 14 of K1, even though the partners are not truly self employed?
This is for an investment partnership.
Seems like TurboTax would have built something to avoid this such as question or prompt, instead of the lengthy workaround in this thread.
Am I missing something?
March 22, 2023
11:39 AM