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For other videos covering self-employment tax issues, see our playlist:
• Self-Employed Taxes
In this video, we cover the circumstances when a partner in a partnership LLC must pay self-employment taxes on Line 1 ordinary income passing through on Schedule K-1.
- Does a partner pay SE taxes if they don't actively participate in the business?
- How should the LLC be reporting the earnings on Schedule K-1?
- Can the partner change the character of the income?
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended, and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
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