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

 
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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?

 

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sjrcpa
Level 15

Correct.

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