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CCH Axcess Tax

Form 1065 Worksheet for Figuring Net Earnings (Loss) from Self-Employment

Note: There is an option available in the General Options worksheet, Schedule K-1 Calculation Options section to suppress this calculation. There is also an option in that section to calculate SE income for limited partners or LLC members.

Government Form CCH Axcess Input
  Worksheet Section Field
Name of partnership   General > Basic Data General

Partnership name

Partnership name continued

Employer ID number   General > Basic Data General Employer identification number
1a Form 1065, page 3, line 1 or
  Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Ordinary income - Override
1b   Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Net income (loss) from certain rental real estate activities
1c Form 1065, page 3, line 3c if option is selected on
  Partners > General Options Schedule K-1 Calculation Options Include other rental income in SE inc
  Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Net income (loss) from other rental activities - Override
1d Form 1065, page 1, line 6, if a loss or
  Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Net ordinary income (loss) from Form 4797 – Override if a loss
1e   Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Amount (if positive)
  Income/Deductions > Partnership Passthrough Partnership Passthrough (IRS K-1 1065) The difference between Line 14A - Net earnings (loss) from self-employment and the Sum of Line 1 - Ordinary Income and Line 2- Guaranteed payments to Partner (If Line 1- Ordinary Income is entered and the difference is positive)
1f Calculated      
2a Form 1065, page 1, line 6, if a gain or
  Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Net ordinary income (loss) from Form 4797 – Override if a gain
2b   Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Adjustments Amount (if negative)
AND      
  Income/Deductions > Partnership Passthrough Partnership Passthrough (IRS K-11065) The difference between Line 14A- Net earnings (loss) from self-employment and the Sum of Line 1 - Ordinary Income and Line 2- Guaranteed payments to Partner (If Line 1- Ordinary Income is entered and the difference is negative)
2c Calculated      
3a Calculated      
3b Calculated based on partner entity type and whether partner has a limited interest and not subject to SE or
  Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Adjustments Part of SE income allocated to limited partners, etc. - Override
3c Calculated      
4a   Partners > Partner Information Partner Summary > Detail > Guaranteed Payments / Partner Options Guaranteed payments for services
  Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Adjustments Guaranteed payments to partners - Override
4b Calculated based on partner entity type and whether partner has a limited interest and not subject to SE or
  Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Adjustments Part of guaranteed payments allocated to limited partners, etc. - Override
4c Calculated      
5 Calculated or
  Income/Deductions > Schedule K - Self-Employment Income Schedule K SE Income Adjustments Net earnings (loss) from self- employment - Override
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