Self-employment taxes missing

Forum|Forum|4 years ago
March 21, 2022
2 replies
33 views

Why didn't TurboTax include self-employment taxes for my LLC partnership income from my K-1 form this year? Previously, it did.

Not A Product Question

Best answer by MinhT1

Please revisit your Schedule K-1 entry.

TurboTax will only calculate Self-employment tax on your K-1 income when box 14 (self-employment earnings (loss)) of your Schedule K-1 is populated with a positive number.

MinhT1Answer

Alumni - Intuit

Please revisit your Schedule K-1 entry.

TurboTax will only calculate Self-employment tax on your K-1 income when box 14 (self-employment earnings (loss)) of your Schedule K-1 is populated with a positive number.

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Kumquat92Author

Level 2

Thank you for your answer to my question regarding the K-1 form. Sure enough, I had skipped over Box 14 by mistake. Once I filled in the correct amount, I was able to submit my amended return.