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- Sec 754 deduction for p/s K-1 for limited partner not included in se tax by program
Sec 754 deduction for p/s K-1 for limited partner not included in se tax by program
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R G Clark
Level 2
04-13-2025
07:36 PM
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I have a limited partner in a partnership with ordinary income box 1 equal to se income box 14a on the k-1. Down below in box 13 is a sizable Sec 754 depreciation that proseries wont take into account in computing se tax. So what has happened and what am I missing? Should box 14a already have netted out the 754 depreciation? Is there some restriction on the use the extra depreciation? Need help.
Bob
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