Multiple Choice
Debbie is a limited partner in ADK Partnership. Her partnership Schedule K-1 reports $19,000 ordinary business income, $2,000 long-term capital gain, and $830 dividend income. Which of these items are subject to self-employment tax?
A) None of the items are subject to SE tax because Debbie is a limited partner.
B) $19,000 ordinary business income
C) $19,000 ordinary business income and $2,000 long-term capital gain
D) All income reported on a partner's Schedule K-1 are subject to self-employment tax.
Correct Answer:
Verified
Correct Answer:
Verified
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