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Level 1
July 22, 2024
Question

K-1 input box for Self-Employment Income in Fiduciary Tax Return

  • July 22, 2024
  • 1 reply
  • 6 views

Imported a K-1 of a General Partner from Partnership Return which has a Self- employment Income in Box 14A same as Ordinary Income in Box 1. Where do I key-in the Self-employment income in Fiduciary Tax program???

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    1 reply

    PhoebeRoberts
    Intuit Community Champion
    July 22, 2024

    1041s don't pay SE tax; nor do they pass such a thing out to the beneficiaries. If this is a grantor trust, I believe you have to memo it on the grantor letter.