No -- You don't have to enter your self-employment income separately.. It is included on your K-1 in Box 14 with Code A - Net earnings (loss) from self-employment. Just enter your K-1.
To enter any unreimbursed partnership expenses (UPE), please follow these steps as you are going through the K-1 interview:
- Continue through the screens until you reach Describe the Partnership.
- On this screen mark the box I am required to pay supplemental business expenses on behalf of this partnership/LLC for which I am not reimbursed. and click Continue.
- On the next screen, Unreimbursed Partnership Expenses, click the blue Yes box.
- Continue through the screens, entering any expenses incurred.
