jhbvtacpa
Level 5

Happy TY2023 to all!!

Client's K-1 shows as follows:

Limited partner

Self-employment earnings in 14A and total guaranteed payments in 4C are equal amounts

Medical insurance premiums paid shown in Box 13, code M

Are these payments considered a self-employed insurance payment (Schedule 1, line 17) or a medical expense shown as an itemized deduction? 

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