MarilynG
Expert Alumni

Business & farm

Per Expert @Irene2805:

 

"Enter both amounts.  The amounts in Box 14, with Codes A and C, just describe the type of income reported in Box 1 of the partnership K-1.  They are not added to income.  

 

  • Code A indicates that the income is considered self-employment and Schedule SE has to be generated.
  • Code C is used to trigger the nonfarm optional method on Schedule SE (Form 1040)."
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