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Deductions & credits
@clopez8651 wrote:Since I do wish to pay SE taxes on our Schedule K1 income,
As was mentioned above, income form a S-corporation K-1 is NOT subject to SE tax. It is NOT an option to pay SE tax. Did you somehow try to force SE tax on it?
If you worked for the S-corporation, you probably SHOULD have also received a W-2 from the S-corporation for "compensation" for the work you performed.
March 25, 2023
4:04 PM