How do I override self employment taxes for general partnership that only has investment activities?
Partnership receives K1's with ordinary income (box 1) which triggers self employment worksheet on form 1065.
I have tried deleting self employment worksheet but it pops up again.
Cannot label partners as limited partners to avoid self employment worksheet, since they are general partners (and each time I go through partners questions, it resets to general partner status).
Tried overriding numbers in self employment worksheet, but self employment numbers still show on K1's for partners.
see here from page 41 of 1065 instructions:
"If the partnership is engaged solely in the operation of a group investment program, earnings from the operation generally aren't self-employment earnings for either general or limited partners"
I tried the workaround from @PatriciaV in the below link and it worked, but still have the problem laid out about Sch K Line 14c in the same link:
https://ttlc.intuit.com/community/taxes/discussion/overriding-self-employment-taxes-for-investment-g...
