Jump to content

Recommended Posts

Posted

Does anyone know if there is a spreadsheet out there that I can use to calculate the earned income for the plan from the Self Employment earnings for a partnership? I have 2 spreadsheets that I use but neither one addresses the Section 179 expense. At what point does the Section 179 expense get deducted?

Posted

179 exps are deducted before deduction of the employee cost and therefore before se tax calc. see instructions to box 14 of k-1.

PensionPro, CPC, TGPC

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use