david3
Level 7

Thank you for your help. 

I saw that before posting my question. It is instructions for Lacerte.

The program does reduce taxable income for the sec. 754 deduction. But it doesn't reduce SE income on line 14 of the K-1 worksheet. 

No instructions seem to address how to reduce SE income. So I changed the number on line 14 of the K-1 wks.

0 Cheers