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The amounts in Box 14 A and C will be used to calculate your Self Employment tax.
Box 14 A will be reduced by the box 12 amount prior to calculating SE tax.
You need to copy that K1 exactly into the TurboTax program and let it carry the amounts to the proper area of the 1040 tax return for you. You can check after to make sure the reduction is made on the SE form for the Box 12 amount.
That is really the good thing about using software, if you copy your documents correctly and answer right then the program will take the information to the form it needs to be reported on. But, it does not hurt to know where that information is supposed to go.
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