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Level 5
June 5, 2023
Solved

Guaranteed Payments for Capital not calculating SE tax

  • June 5, 2023
  • 1 reply
  • 18 views

Hello,

I have a K-1, general partner who receives guaranteed payments for capital - LLC is commercial rental real estate business.

When I plug in the guaranteed payments for capital, the 1040 does not calculate SE tax. 

What am I missing?

 

 

 

This topic has been closed for replies.
Best answer by JRC

If Box 14 is Zero than it will not show up as SE income.

1 reply

JRC
JRCAnswer
Level 7
June 5, 2023

If Box 14 is Zero than it will not show up as SE income.

Level 5
June 5, 2023

That's it! Thank you!