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How to enter self-employment income for a partnership K-1 in Lacerte

by Intuit Updated 11 months ago

Before you start:

  • Lacerte will carry this amount to Schedule SE, Part I, but not to Schedule E, page 2.
  • To also carry this amount to Schedule E, page 2, enter the amount in the K-1 Income (Loss) input section.
  • The program reduces self-employment tax for depletion and section 179 only if the Not a passive activity box is checked (Screen 20.1, code 32).

To enter self-employment net earnings for a partnership Schedule K-1, box 14:

  1. Go to the Detail tab.
  2. Select Screen 20, Passthrough K-1's.
  3. Scroll down to the Line 14 - Self-employment subsection.
  4. Enter amounts in the applicable fields.
Lacerte Tax

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