Support CenterHow do I enter a nonfarm income on a 1040 return using Form K1 P/S in SureFire?
🔍 How do I enter a nonfarm income on a 1040 return using Form K1 P/S in SureFire?
This guide shows you how to enter nonfarm income on your 1040 return using Form K1 P/S in SureFire.
⚠️ Before You Begin
You will need:
- Access to your 1040 return in SureFire
- Your nonfarm income amount to enter on Form K1 P/S
📊 Step-by-Step Guide
Step 1: Open the Form K1 P/S worksheet
Use this when you need to enter nonfarm income on the correct worksheet.
Go to Form K1 P/S - Partner's and Shareholder's K-1 Worksheet.
Step 2: Enter the nonfarm income amount
Use this when you need to record the gross non-farm income.
In line 14c - Gross non-farm income.
Step 3: If applicable, enter the amount on Schedule SE (nonfarm optional method)
Use this when you are using the nonfarm optional method to figure earnings from self-employment.
If using the nonfarm optional method to figure earnings from self-employment on Schedule SE, type this amount on Schedule SE, section B, part II.
Step 4: Calculate the return
Use this when you are ready to update totals and complete the return.
Calculate the return.
✅ Success!
Your nonfarm income has been entered on Form K1 P/S (line 14c), and if needed, on Schedule SE (section B, part II). Then you calculated the return.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form