1120S S Corp health insurance and QBID

Ellie2020 · ‎03-05-2020

Why doesn't Proseries automatically reduce the QBI by S Corp health insurance (added to the more than 2% shareholder's W-2)? There is not even a line designated for this deduction.

IntuitJim · ‎03-05-2020

https://proconnect.intuit.com/community/proseries-discussions/discussion/is-qbi-reduced-again-by-the...

IntuitCharlene · ‎03-05-2020

On the 1040 level we are already assuming that the deduction has taken place at the S Corporation level. if that deduction did not take place and needs to be adjusted on the 1040 side the Schedule K-1 Wks Section D2 has Adjustment fields available. It would just be an "other" adjustment.

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1120S S Corp health insurance and QBID

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