![ProConnect Help](https://uxfabric.intuitcdn.net/web-app/sh-exp-pcg-app-experience/pcg_ohh_icon.2bb472dd.png)
Schedule K Line 14a (Form 1065) calculating self-employment earnings in Lacerte
by Intuit• Updated 3 weeks ago
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:
- Click on Settings.
- Click on Options.
- Select the Tax Return tab.
- Scroll down to the Federal Tax Options section.
- Locate the Self-Employment Worksheet option.
- 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.
Sign in now for personalized help
Ask questions, get answers, and join our large community of Intuit Accountants users.
More like this
- How to enter and calculate the qualified business income deduction (section 199A) in Lacerteby Intuit•952•Updated July 03, 2024
- Entering Line 14E net investment income from an estate or trust K-1 in Lacerteby Intuit•253•Updated 1 year ago
- Filling out Form 1065, Schedule K-1 in Lacerteby Intuit•7•Updated 3 weeks ago
- Entering amounts from Form 1098 and 1099 in Lacerteby Intuit•762•Updated July 03, 2024
- Entering Form 1095-A in Lacerteby Intuit•861•Updated July 15, 2024