Louis is a general partner with 45% interest in Texas Technologies. The partnership's ordinary business income for the year is $108000. He also received $57000 in guaranteed payments. What is the amount reported to him as self-employment income on schedule k-1?

 

A. $0

B. $57000

C. $105600

D. $165000

Answer rating: 100% (QA)

Louis as a general partner is subject to selfemployment tax on both his share of the partnershi... View the full answer