Skip to main content
Level 1
July 23, 2020
Question

health insurance paid by llc

  • July 23, 2020
  • 1 reply
  • 21 views

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.

This topic has been closed for replies.

1 reply

July 23, 2020

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