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Self employed
That is correct. You can see the posting if you go to:
- On the menu bar on the left that shows.
- My Info
- Federal
- State
- Review
- File
- Select Tax Tools
- On the drop-down select Tools
- On the popup menu
- Select View Tax Summary
- On the left sidebar
- Select Preview my 1040.
- To return to the entry screens press Back on the sidebar.
On your 1040 it will be posted to Line 8 that is carried forward from Schedule 1.
If you continue to scroll past the 1040 you will see Schedule 1.
The K-1 is posted to line 3.
Line 3 is included in a total on line 10.
This is the number that carries to your 1040 and is subject to self-employment tax.
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March 15, 2023
7:23 AM