@M-MTax wrote:
@AmeliesUncle
The stated claim here is that @OldCarGuy's LLC is showing a net loss on the 1065 but the K-1s are showing a positive figure subject to self-employment tax.
No, he said Box 14A is a negative number, which is correct.
Box 14C will always be a positive number because it is based on gross income, not profit. It is for the optional way to calculate SE tax.
