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Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 967
Experience:  Certified Public Accountant
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Am I understanding correctly that if my K-1 is showing a 179

Customer Question

Am I understanding correctly that if my K-1 is showing a 179 deduction, I can reduce Self-Employment earnings by the 179 amount on Schedule SE?
Submitted: 22 days ago.
Category: Tax
Expert:  Mark Taylor replied 22 days ago.

Hi, my name is Mark. I will be happy to help you with your questions. Please give me a moment to prepare your response.

Expert:  Mark Taylor replied 22 days ago.

What type of entity was the K-1 from (S-Corporation or LLC)?