1116 SE health insurance adjustment

[sjrcpa]

What is your question?

[abctax55]

Huh ?

[mstsax]

I got a “Suggestion” on my return that said the program saw that there was SE income and Foreign transactions on the K-1.  So it warned that the program doesn’t allocate SE expenses related to K-1 income to the 1116.  Examples include SE Health insurance, deductible portion of SE tax and SEP deductions.  I do not where to make these adjustments in the program.

[itonewbie]

Does the partner have any foreign source self-employment income under the General Limitation basket?

[mstsax]

No.  She has only Foreign divs on stock investments.

[itonewbie · Accepted solution]

Then, there's nothing to allocate.

[mstsax]

Thank you!

[itonewbie]

NP, @mstsax!