The K-1s I just did for a business are showing the correct amount of taxable income in 14a and some very incorrect amount in 14c. What should I tell the customer to use on their personal return? They are going to ask why there is an almost double amount of taxable income in 14c. I read that you answered it has to do with nonfarm income.... what? These are two partners in an LLC and we should be treating their profits as self employed income. I cannot even reconcile the amount showing in 14c.
Please answer quickly if you can
Thanks!
