K-1 income from guaranteed payments are subject to Self Employment tax according to IRS, yet Turbo Tax is telling me no?

[Anonymous · Accepted solution]

How did TurboTax tell you this?  Please confirm that the guaranteed payments for service were entered into Box 14 of the K-1.  Also check the 1040, lines 27 and 57 to see the SE tax appears on your return.  Next confirm that you didn't have any SE loss to offset the guaranteed payments.