Florida LLC w/ 2 members filing a 1065 trying to get line G and box 14 A and C to match last years K-1s

[danielatprofound]

We have a very simple business -- 2 member Florida LLC with no employees, no incoming K-1s, no insurance, etc.  We have a few 1099 subcontractors which is the bulk of our expenses.  We pass-through the net business profit to each of our 1040s and didn't elect S-Corp taxation. 

So, this should be simple:  1065 and a couple of K-1s.

However, I'm having trouble getting the K-1's to look like the ones our old CPA did last year.

Last year our K-1s have line G "Limited Partner or other LLC member" checked.  They also have box 14 with codes A and C filled with our pass-through self-employment income and gross respectively.

When entering the Partner/Member Information tab, on the Describe This Member page, if I select "As another LLC member", line G matches last years, but it won't populate box 14 A and C. 

I have to select "As a managing LLC member", then I get box 14 A and C filled -- BUT line G will have "General Partner or LLC member-manager" checked.

I just can't figure out if TurboTax is wrong or our CPA did this wrong last year.

Help?  Please?

Thanks!!

[PatriciaV]

For a limited partner to have self-employment income on Schedule K-1 Line 14, that partner would either be a managing partner or have received guaranteed payments for services rendered to, or on behalf of, the partnership. If you are actively involved in the management of the LLC, you are considered to be a managing partner.