Which of the following is a self employment item listed on schedule K form 1065?

Question

Which of the following is a self employment item listed on schedule K form 1065? (1) section 179 expense deduction. (2) charitable contributions. (3) profit (loss) from farming. (4) net capital gain (loss). Which of the following is a self employment item listed on schedule K form 1065? (1) section 179 expense deduction. (2) charitable contributions. (3) profit (loss) from farming. (4) net capital gain (loss). (1) section 179 expense deduction. (2) charitable contributions. (3) profit (loss) from farming. (4) net capital gain (loss).

Explanation / Answer

Profit (loss) from farming is a self employment item listed on schedule K form 1065.

Therefore, the correct answer is (3) profit (loss) from farming.

It is reported on Line 14B of the schedule K form 1065.

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