qbteachmt
Level 15
03-01-2024
05:00 PM
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"On the K-1 under "Outside Expenses" line 1 I entered 0 since all premiums were reported on one of the 1095-A forms. Line 2 I enter the amount of Medicare wages on the W2 box 5. Then I QuickZoom to the SE HI deduction wksht. On the wksht the amount of SE HI paid is shown correctly as $13,717. Form 7206 shows the correct amount.
When I get to the 1040 line 17 SE HI deduction is showing as $31934 (no idea how where that amount comes from)."
That's a lot of data to follow virtually. Did the insurance premium get correctly reported on the W2 and handled specifically as ">2% shareholder medical ins premium" and did that get entered into the W2 worksheet as such?
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.