K1 & Partnership income is best-entered in Profile > Net Worth > Add Account > Other > Asset type: Business : S-Corp. You can add the income within the ‘Annual Distribution’ field in this entry. 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.
How do I enter K1 Income?
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