K1 & Partnership income is best-entered in Profile > Net Worth > Add Account > Other > Business > S-Corp.
The income can then be entered in the Annual Distribution field. You will see this amount as an income inflow within the Cash Flows. This income will not be subject to FICA tax. Any portion of the K1 income that is to be subject to FICA tax can be separated and entered in Profile > Income with a Salary card.
Contact Us
For additional assistance within RightCapital please contact our Support team.
Educational Webinars
RightCapital is committed to enabling your success. Each week, we cover essential planning modules and product updates.
RightCapital in Action
Check out our YouTube channel where we highlight Advisor Success Stories and share more Tips & Tricks!
