R G Clark
Level 2

I have a limited partner in a partnership with ordinary income box 1 equal to se income box 14a on the k-1.  Down below in box 13 is a sizable Sec 754 depreciation that proseries wont take into account in computing se tax.  So what has happened and what am I missing?  Should box 14a already have netted out the 754 depreciation? Is there some restriction on the use the extra depreciation?  Need help.

 

Bob

0 Cheers