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- PARTNERSHIP SELF EMLOYMENT EARNINGS CALCULATION
PARTNERSHIP SELF EMLOYMENT EARNINGS CALCULATION
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rgbryan2
Level 1
08-31-2022
11:34 AM
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DOES THE NET LOSS ON THE PARTNERSHIP OFFSET THE PAYMENTS TO PARTNERS
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PhoebeRoberts
Level 11
08-31-2022
11:46 AM
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Are you asking if, on the 1065 K-1, the Box 14 net earnings from self-employment includes both guaranteed payments for services and Box 1 ordinary business income?
You should look at the "Worksheet for Figuring Net Earnings (Loss) From Self-Employment" from the 1065 instructions. Lacerte's calculation follows the worksheet.
