Partnership Self-Employment
Partnership produced a loss for tax year. Form 1065 shows net loss from S/E, and shows gross income in box 14C. Is this the correct way to report, specifically what is shown in box 14C? Accordingly, 50% attributable loss (net) is showing in K1 box 14A and 50% attributable income (gross) is showing in box 14C. This flows from the 1065, but again just wanting to verify that this is correct. Lastly, to confirm—since S/E tax is paid on net, would the boxes 14C be primarily informational then?
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