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Get your taxes done using TurboTax
No, there will be no problem. The Self-Employment worksheet within your 1065 is just showing the calculation for the total self-employed income. Your K-1 from the return will identify that income for input to your personal tax return. There is the option to adjust for non-taxable Notary services and that is when you will designate the difference for your share of the total income. Your Schedule SE will back the portion of nontaxable income out of total self-employment income and then will calculate your tax from there.
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‎February 16, 2022
7:59 PM