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Self-Employment Tax Calculations - K1 Section 59 (e)(2)
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Mr Tax NYC
Level 1
07-17-2025
12:46 PM
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I am entering a Self-Employment loss from a K1 (1065) Box 14 Code of $131K which is correcting flowing the Self Employment Worksheet which allows a netting of $303K of Sch C activity. However, the K1 is also reporting $131 K in box 13 Code J and chooses to take the entire $131K loss in the current year. The problem is that the SE adjustment worksheet is doubling the offset to $262K against the $303K Sch C activity. This incorrectly reduces "Net Self-Employment" by $131K and I do not see any other option but to overwrite the field in the SE Worksheet.
Help?
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1 Comment 1
Kathi_at_Intuit
Moderator
a month ago
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@Mr Tax NYC Welcome to the Community and thank you for posting your first question. Have you tried reaching out to ProSeries support to see if they are able to assist with this?
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