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
You'll need to sign in or create an account to connect with an expert.
Look at your 1065. Is there a positive number on Line 23?
yes -173
Then that number will wind up on the K-1s on Lines 1 and 14
sorry -- you asked if we had a positive number on line 23 -- NO its a negitive 173
and it shows up on K1 line 14 A but 14C shows a gain = 1/3 of our revenue
14A shows a loss?
Schedule K shows this ammount as "no farm income" -- do not understand
YES 14 A shows the correct loss
Nonfarm income. That's the figure you use for self-employment net earnings on your personal income tax return.
but how can we have any SE income from an LLC loss??
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.
ok thanks
--i see a support link above
the link only has "stock" answers -- how to hire an expert
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