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How do I get turbo tax to figure the Self employment tax on my K 1 amount?
partnership
June 4, 2019
2:06 PM
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Get your taxes done using TurboTax
To get to the K-1 (1065, I'm guessing?):
1. Click Federal on the left-hand side menu.
2. Click Income & Expenses across the top.
3. Scroll down to S-corps, Partnerships, and Trusts and click Show more.
4. Click Start or Revisit by Schedule K-1.
Click through you get to a screen that asks for info in box 14. There you'll put your self-employment income,- which carries over to your Schedule SE which figures your tax on line 5
- which carries over to line 57 of Schedule 4
- which carries over to line 14 of Form 1040
- which gets added into your other taxes to arrive at line 15, total tax.
June 4, 2019
2:06 PM