JohnB5677
Expert Alumni

Self employed

That is correct.  You can see the posting if you go to:

  1. On the menu bar on the left that shows.
    1. My Info
    2. Federal
    3. State
    4. Review
    5. File
  2. Select Tax Tools
  3. On the drop-down select Tools
  4. On the popup menu
  5. Select View Tax Summary
  6. On the left sidebar
  7. Select Preview my 1040.
  8. 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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