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health insurance paid by llc

grclaw
Level 1

LLC reported health insurance as guaranteed income, but otherwise partner had a loss.  SE Health and Long-Term Care Insurance Deduction Worksheet does not pick up the guaranteed income on line 2 in second section so it is not allowing deduction.

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1 Comment 1
TaxGuyBill
Level 15

Is box 14 of the K-1 negative?  If so, I suspect that may be the problem.