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May is a 20% limited partner in Seasonal Reflections. She also receives a guaranteed payment of $10,000 per year in exchange for bookkeeping services she
May is a 20% limited partner in Seasonal Reflections. She also receives a guaranteed payment of $10,000 per year in exchange for bookkeeping services she provides. This year, the partnership received ordinary business income of $100,000. What is the total amount reported as net earnings from self-employment in box 14 of May's Schedule K-1 (Form 1065)? $0 $10,000 $20,000 $30,000
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