Partners & K- 1 Earnings

[coleboy]

Our client is an LLC taxed as a partnership. There are 4 partners ( all family members). We received their copies of their K-1's. All 4 reflected the same amount of earnings in Box 14. A= $321,347. C=$658,390. Is this normal? Do I use the same amount to for everyone? Or do I divide those numbers by 4 to get the individual earnings for them?

Also, would I add A & C together?

Thank you! 

[Bird]

Box A should be each individual's net self employment income; that's what you want.  C is gross; do not add them!

It doesn't hurt to reach out to the accountant to confirm.  And technically you should be subtracting unreimbursed partnership expenses for each taxpayer...

[Mike Preston]

You also need each partner's 1040 Schedule SE and any pass-through deductions claimed on the 1040.

[Larry Starr]

1 hour ago, Mike Preston said:

You also need each partner's 1040 Schedule SE and any pass-through deductions claimed on the 1040.

My boy has learned well, but besides the 179 pass through, don't forget those oil and gas depletions that also have to be dealt with (and no, I haven't ever seen them either! :-) ).