LT
Level 1

Should an adjustment be entered on a 1120S K-1 entry worksheet to the net income reported on Line 1 for the more-than-2% shareholder health insurance for determining qualifed income for Section 199?  I noticed on the Schedule C entry worksheet that adjustment is specifically included.  So the program is implying this adjustment applies only to sole proprietorships and not to S Corporation shareholders.  Please confirm.

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