mchughriley-ltd
Level 2
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
also, where do you input owner's medicare costs, so that its reported on line 29, self employed health insurance deduction?
Solved! Go to Solution.
Labels
TaxGuyBill
Level 15
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On the K-1 worksheet, right above Line 1, there is a "Quickzoom" to enter health insurance. That brings you to the very bottom "K1S Addl Info 1" worksheet, where you can enter it (just be sure to also enter the W-2 Medicare wages there).
Kevin1
Level 2
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I think your images are outdated. "QuickZoom to enter Health Insurance Premiums" paid is no longer in this location
sjrcpa
Level 15
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
He posted it a year ago.
Ex-AllStar
Ex-AllStar
abctax55
Level 15
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Owners medical *costs* are not insurance & aren't deductible above the line. (EDIT...just ignore me, 'kay - misread the post)
I don't use PS, so someone else will need to wander by with the "where to enter" answer.
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
( Generic Comment )"
Lynn
Level 2
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Health insurance "medicare" cost, not "medical" cost...
abctax55
Level 15
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@TaxGuyBill @Just Lisa Now! - did I misread the OP, or did it get changed?
Maybe I need to visit the eye doctor 🙂
Maybe I need to visit the eye doctor 🙂
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
( Generic Comment )"
TaxGuyBill
Level 15
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I don't THINK it changed. I had read it as "Medicare", but the doesn't necessarily mean that is what it actually said. :smile:
abctax55
Level 15
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thx...calling for an appointment now. That, or I need to read for comprehension 🙂
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
( Generic Comment )"
Just-Lisa-Now-
Level 15
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I read medical costs...that might not be what it said....LOL I always expect medicare to be capitalized, my computer shows its a spelling error until I put the capital M at the front.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
mchughriley-ltd
Level 2
12-06-2019
04:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
TaxGuyBill got it correct, thank you!