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mariana-TampaBay
Level 2
February 27, 2022
Question

How to input a 1065K1 into a 1120S return? I can not find where to input 14 A and a14C

  • February 27, 2022
  • 1 reply
  • 6 views
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1 reply

PhoebeRoberts
Intuit Community Champion
February 27, 2022

S-corps don't pay self-employment tax, nor do they pass income subject to SE tax out to their shareholders.

mariana-TampaBay
Level 2
February 27, 2022

Even when a Scorp receive a K1 from a 1065?

All the income from 1065 that was subjected to SE once it gets to the S Corp, it is no longer taxable for SE?

 

sjrcpa
Level 15
February 27, 2022

Correct.

The more I know the more I don’t know.