Hello,
I have a K-1, general partner who receives guaranteed payments for capital - LLC is commercial rental real estate business.
When I plug in the guaranteed payments for capital, the 1040 does not calculate SE tax.
What am I missing?
Best Answer Click here
If Box 14 is Zero than it will not show up as SE income.
If Box 14 is Zero than it will not show up as SE income.
That's it! Thank you!
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