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Level 2
posted Mar 17, 2024 6:51:56 PM

Does the SE tax calculation appear on the Business Turbotax software?

This is for a LLC spouse partnership,

0 2 1591
2 Replies
Level 15
Mar 17, 2024 8:48:42 PM

the only info would be in box 14 of the k-1. The SE tax is only computed on the 1040 using schedule SE.

 

Level 2
Mar 17, 2024 9:53:51 PM

Does sch SE appear automatically when you have net profit from your K1 partnership when you input the K1 to your personal income tax software?  How does the self-employment earnings appear on line 14 of K1?