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Get your taxes done using TurboTax
on schedule SE you must have selected the nonfarm optional method otherwise 14C is not used in the 1040.
Line 14c on Schedule K is calculated by adding lines 3 and 7 from page 1 of Form 1065.
And line 3a from page 3, Form 1065, Sch K, minus line 7 on government Form 4835.
Will also pull from 14C of any partnership passthroughs entered in the return.
‎April 14, 2023
6:28 PM