rpittman
Level 2
08-08-2024
12:40 PM
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It's a K-1 from a partnership (Form 1065) in which the taxpayer is a 50% owner. The investment income is "Ordinary Business Income" from box 1. Box 14 contains the same amount coded with "A" (Net earnings from self-employment) and Code "C" (Gross non-farm income) which obviously is a higher amount.