Question

How do I apply k1 income to my self employed income section?

Forum|Forum|4 years ago
March 26, 2022
1 reply
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I show my k1 info on my personal, but need to put it under my self employed income section.

TurboTax Self Employed Online

Employee

Does your Schedule K-1 show that you are a General Partner or a Managing Member? Did you indicate that you materially participate in the partnership/company?

Also, check Box 14 (self-employment income) on your Schedule K-1. If you have self-employment income and the K-1 was accurately input into TurboTax, the program should prepare Schedule SE for self-employment taxes. If Box 14 is blank, and you believe you should have SE income, contact the business that prepared the K-1 for an explanation or to obtain a corrected Schedule K-1.

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