topic Re: TT software K1 error in Deductions & credits

TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 16:56:36 GMT

I have been working on this for weeks -

our LLC has 3 members

we lost money yet TT included 1/3 of our income as SE earnings

I've checked - we hvae no rental or roalitiy income -- boxes are blank - only service income

I've implimented all the prevous TT comunity answers

I think this is a programing error -- what else can i do to get the program to not repot and SE income

Re: TT software K1 error

M-MTax — Fri, 30 Jan 2026 17:02:10 GMT

Look at your 1065. Is there a positive number on Line 23?

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 17:10:03 GMT

yes -173

Re: TT software K1 error

M-MTax — Fri, 30 Jan 2026 17:13:51 GMT

Then that number will wind up on the K-1s on Lines 1 and 14

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 17:15:29 GMT

sorry -- you asked if we had a positive number on line 23 -- NO its a negitive 173

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 17:18:02 GMT

and it shows up on K1 line 14 A but 14C shows a gain = 1/3 of our revenue

Re: TT software K1 error

M-MTax — Fri, 30 Jan 2026 17:22:27 GMT

14A shows a loss?

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 17:22:34 GMT

Schedule K shows this ammount as "no farm income" -- do not understand

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 17:23:36 GMT

YES 14 A shows the correct loss

Re: TT software K1 error

M-MTax — Fri, 30 Jan 2026 17:24:41 GMT

Nonfarm income. That's the figure you use for self-employment net earnings on your personal income tax return.

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 17:27:02 GMT

but how can we have any SE income from an LLC loss??

Re: TT software K1 error

M-MTax — Fri, 30 Jan 2026 18:19:50 GMT

I don't know because I can't see your return. Are there any income items in Schedule K of your 1065?

You might want to contact Support; they have the ability to see your return with sharing.

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 18:22:22 GMT

ok thanks

--i see a support link above

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 18:28:04 GMT

the link only has "stock" answers -- how to hire an expert

Re: TT software K1 error

M-MTax — Fri, 30 Jan 2026 18:39:10 GMT

https://ttlc.intuit.com/turbotax-support/en-us/contact/

Re: TT software K1 error

OldCarGuy — Fri, 30 Jan 2026 18:42:56 GMT

I cant find a way to discuss this software error with a person

Re: TT software K1 error

AmeliesUncle — Fri, 30 Jan 2026 18:45:25 GMT

@OldCarGuy wrote:
and it shows up on K1 line 14 A but 14C shows a gain = 1/3 of our revenue

That is correct.

Code "A" means your profit that you NEED to pay self-employment tax for a profit.

Code "C" is an optional way if you CHOOSE to pay self-employment tax for certain reasons.

Re: TT software K1 error

M-MTax — Fri, 30 Jan 2026 18:44:26 GMT

1-800-446-8848

....and it's possible this is an input error.

Re: TT software K1 error

M-MTax — Fri, 30 Jan 2026 18:48:06 GMT

@AmeliesUncle

The stated claim here is that @OldCarGuy's LLC is showing a net loss on the 1065 but the K-1s are showing a positive figure subject to self-employment tax.

Re: TT software K1 error

AmeliesUncle — Fri, 30 Jan 2026 18:51:30 GMT

@M-MTax wrote:
@AmeliesUncle

The stated claim here is that @OldCarGuy's LLC is showing a net loss on the 1065 but the K-1s are showing a positive figure subject to self-employment tax.

No, he said Box 14A is a negative number, which is correct.

Box 14C will always be a positive number because it is based on gross income, not profit. It is for the optional way to calculate SE tax.