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MGC94
Level 7
March 14, 2023
Question

K1 Partnership

  • March 14, 2023
  • 1 reply
  • 10 views

A different accountant prepared their partnership 

they are 50/50 and their K1s are different

When I put the K1 in for one of them the sch 2 populates for se tax

when I put the K1 in for the other 1 no sch 2 populates for se tax at all

 

What do I do? Thank you

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1 reply

dkh
Level 15
March 14, 2023

Double check you have the correct box checked for Taxpayer or Spouse in Part II of your 1040 K1 entries

Double check you have entered all the numbers from the 1065 K1 into the 1040 K1 especially line 14 which indicates the SE Earnings

Also - find the Schedule SE - look at the information there rather than Schedule 2