Once you enter your K-1, your income tax and self-employment tax will be calculated automatically based on your K-1 income. To enter your K-1, please follow the steps below: Sign in and open your return by selecting Pick up where you left off under a section. Search for K-1 and select the Jump to link at the top of the search results. This will take you to the Schedules K-1 or Q screen. Answer Yes and follow the prompts.

Question

How do I claim K1 income as earned income and pay SS Tax on it?

Forum|Forum|5 years ago
February 28, 2021
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LenaH

Once you enter your K-1, your income tax and self-employment tax will be calculated automatically based on your K-1 income.

To enter your K-1, please follow the steps below:

Sign in and open your return by selecting Pick up where you left off under a section.
Search for K-1 and select the Jump to link at the top of the search results.
This will take you to the Schedules K-1 or Q screen.
Answer Yes and follow the prompts.