ProConnect HelpIntuit HelpIntuit

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

SOLVEDby Intuit2Updated July 05, 2023

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.

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

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads