I am preparing a simple Form 1065 for the first time. I entered total income $2,965 on line 8. Total deductions $1300 on line 20. Line 22 ordinary business income $1665.
When I get to the the Schedule K-1 Turbo tax inserts on Line 14, Self-employment, C and $1,482.
Since there are two Schedule K-1s I would have thought the Business income of $1,665 would be placed on Line 1 of Schedule K1. The Form 1065 has nothing on Line 1
