Schedule K Line 14a (Form 1065) calculating self-employment earnings in Lacerte

For more Schedule K-1 resources, check out our Tax topics page for Schedule K-1 where you'll find answers to the most commonly asked questions.

Line 14a of the Schedule K is the sum of Self-Employment earnings for all partners.

• General partners or LLC managers- self-employment earnings include their share of all income as well as manual self-employment income adjustments.
• Limited partners- self-employment earnings consist only of guaranteed payments.

Lacerte computes line 14a using the Worksheet for Figuring Net Earnings (Loss) From Self-Employment from page 41 of the 1065 form instructions.

To generate Lacerte's version of the Self-Employment worksheet:

1. Click on Settings.
2. Click on Options.
3. Select the Tax Return tab.
4. Scroll down to the Federal Tax Options section.
5. Locate the Self-Employment Worksheet option.
6. Select Yes from drop down menu.

See Understanding Schedule K-1 self-employment income for partners and LLC members for more information on amounts included in self-employment income for partners and LLC members.