Basta
Level 2
04-12-2023
02:22 PM
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I know and understand S Corps. That's primarily what I use for my clients.
The Partnerships I have in some cases own interests in other Partnerships.
The is the first time i've had an S Corp owning a Partnership and I just instinctively became worried about the SE taxes.
So you're saying it doesn't matter that most of the income comes from partnerships on their K-1, Box 14, Code A?
all the partnership self-employed income shown on the K-1 passes into the S Corp and then is just treated as ordinary income with no SE implications?