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K1 Form 1065 and self employment tax question
I have a generated from my accountant K1 where I am a general partner and my box 1 is a loss, but my guaranteed payments for services is much higher. I'm doing my personal taxes now and Turbotax is saying I don't have to pay self employment tax and that matches my K1 where box 14 is empty, but shouldn't I have to pay self employment tax?
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March 2, 2024
5:17 PM