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?
None of the items are subject to SE tax because Debbie is a limited partner.
$19,000 ordinary business income
$19,000 ordinary business income and $2,000 long-term capital gain
All income reported on a partner's Schedule K-1 are subject to self-employment tax.
None of the items are subject to SE tax because Debbie is a limited partner.
