Gene C
Level 2

No, I am preparing the partnership return and haven't yet entered anything in 14A. I know that, as a general rule, general partners are subject to self-employment tax on a partnership's trade or business income, but in this case the partnership only had an investment in real estate that it sold in an installment sale and collected interest along with the profit on the R.E. Anything that I've read about self-employment tax on partnerships only refers to "trade or business" income of the partnership. Nothing mentioned about partnerships with only investment income and gains therefrom.                                                                      Thanks for your input.