Business & farm

details

K1 comes from Turbo tax business -- it's our company

Income shown on the K1 part -- Gen and H boxes ckd

form J shows beginning % share but does not show any ending share?

form L does not show any distributions 

 

Part 3 -- partner share: L1 shows income >$100,000 for each of us (my wife is the other partner)

L1 sec A shows the income and B indicates its passthrough 

L19 shows cash distributions ($95,000 each)  

 

the mystery is why is our SS tax only $1000 -- last year it was $10,000