turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Partner/Member Information

I have checked the box that the member is not actively involved in the business, yet the K-1 still allocates self employment income. In addition, this is the 1st return being filed and I select "As another LLC member" and not a Managing Member, but that selection does not hold after exiting and reviewing the parameters of that member. Thank you. 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Partner/Member Information

The program is not yet complete and fully functional but does the figure appear on Line 14 of the K-1?

 

Enter Forms Mode, open your Schedule K-1 Worksheet, and uncheck the General box and check the Limited box.

Partner/Member Information

Thank you. This corrected my issue with self employment on the K-1. I appreciate the help. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question