K1 income is correctly accounted for in calculating income taxes and SS taxes BUT not flowing through into self-employed income for social security admin calculations? This is a 2022 return problem. 2000 through 2021 are correct -- i must have ticked some box in 2022 that eliminated the income? What do i need to change before i file an amended return?
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I suggest reviewing your actual input of the Schedule K-1 activity in your 2022 tax return. Make sure you have entered the applicable Schedule K-1 in the correct section. Self-employment income would be generated if your Schedule K-1 was from a partnership or LLC. The amount of income subject to self-employment would be reported on Line 14 of your Schedule K-1.
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You can get to all your posts by clicking on your username anywhere you see it and on the upper right user icon, probably a blue ball with a O in it (O for OldCarGuy).
I suggest reviewing your actual input of the Schedule K-1 activity in your 2022 tax return. Make sure you have entered the applicable Schedule K-1 in the correct section. Self-employment income would be generated if your Schedule K-1 was from a partnership or LLC. The amount of income subject to self-employment would be reported on Line 14 of your Schedule K-1.
To review your input, log back into TurboTax.
thank you, i was able to find this entery and correct it
i wanted to thank the woman that first answered my post -- she was the one that put me in the correct direction -- i cant acces prior posts, but she deserves "best answer" also. The man who answered after her was "rude" and not interested in helping me. He deserves at class in customer service.
You can get to all your posts by clicking on your username anywhere you see it and on the upper right user icon, probably a blue ball with a O in it (O for OldCarGuy).
thank you for taking my request serously and answering in a very professional manner
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