- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
K1 Form showing 0 for line 14C. Do I select Nonfarm Optional Method?
K1 Form showing 0 for line 14C. So I entered it under line 14 as "C" and "0". Do I then select Nonfarm Optional Method? I'm confused as to when it's allowed as it says "you can only use it 5 times and only if 2 of the last 3 years you earned $400 or more". I am currently on my 3rd year of developing my product and so my line 1 has been negative so far with only a minor income amount last year of $500. For what it's worth, I am not in the farm business.
March 25, 2022
11:03 PM