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12-07-2019
07:35 AM
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Is QBI reduced again by the S shareholder by the amount of his/her Health Insurance taken as above the line deduction? The K-1 income has already been reduced at the entity level by the wages paid that includes shareholder health insurance.
A33. Generally, the self-employed health insurance deduction under section 162(l) is considered attributable to a trade or business for purposes of section 199A and will be a deduction in determining QBI. This may result in QBI being reduced at both the entity and the shareholder level.
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