K-1 Compensation

[PFranckowiak]

I have a copy of the K-1 with a number - say 200,000 in line 14A

Line 20 has an amount that is medical insurance payments - say 5,000

Then the client gave me the 1/2 self employment tax from the 1040.

They are also said the line 14A includes LTD and LTC Premiums. and gave me a reduced number that didn't include that.

Not sure what to use for compensation, as I have never been given a reduced number in the past.

Any ideas?

Pat

[Bird]

I say use the 14A number. I'm pretty sure there is no direct deduction for the things you mention on the 1040.