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Qualified Business Income

SherrillCPA
Level 2

In computing the Qualified Business Income, the system computes the applicable self employed deductions connected to the business for 1/2 self employment tax and retirement deduction but does not include the self-employed health insurance deduction.  This amount is entered on the K-1 but is not included on the QBI worksheet as a deduction.  Per my understanding this is supposed to reduce the QBI.  Anyone else experiencing this?

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3 Comments 3
TaxGuyBill
Level 15

Have you confirmed that the Self Employed Health Insurance deduction is showing up on Schedule 1?

sentayehu
Level 1

O

NO

 

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SherrillCPA
Level 2

Yes, the full deduction is on schedule I.
The income is from a partnership but the section at the bottom of the k-1 entry has no line where the health insurance deduction would be populated

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