1) So you are saying I have to be taxed $4,500 on Box 1 as 'Ordinary business income (loss)' PLUS $2,800 on Box 14 Code A as 'self-employment tax' from $20,000 ...

@TurboTaxIrene Form 1040 has no Schedule 1, line 17. On top of that, I am in the process of filing, I didn't reach the final to see 1040. The values I am mentio...

I am still looking a concrete answer for this question. Please help.

Sorry for the confusion: When I say box 1 is taking $4,500 ( I wanted to say, when I enter $20K in box 1 (income) from K1, it results in federal due of $4,500)....

Still not convinced. The total income made for the partnership is $20k and box 1 is taking $4,500 and box 14A is taking $2,800 totaling it to $7,300. for $20K i...