Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How to input a 1065K1 into a 1120S return? I can not find where to input 14 A and a14C

 
0 Cheers
3 Comments 3
PhoebeRoberts
Level 11
Level 11

S-corps don't pay self-employment tax, nor do they pass income subject to SE tax out to their shareholders.

Even when a Scorp receive a K1 from a 1065?

All the income from 1065 that was subjected to SE once it gets to the S Corp, it is no longer taxable for SE?

 

0 Cheers
sjrcpa
Level 15

Correct.

The more I know, the more I don't know.