self-employed health insurance

[Debst99]

My clients have a partnership where they have earned income.  Previously when I entered the self-employed health insurance on Form 7206, it would enter the earned income  on line 4 making the insurance deductible as an adjustment to income.  It is not doing it this year.  What do I do?

[TaxGuyBill]

Form 7206 is new this year, so you haven't done that in previous years.

In ProSeries, you enter it in the K-1 worksheet (the Quickzoom for it on the 1065 K-1 is near the bottom of the numbered K-1 boxes).

[Debst99]

Thank you for the answer.  I found the zoom and it entered the business income on line 5, but it shows zero percent, so no deduction showing up.  Zero is on line 4 and that is why.  Where do I enter the information for line 4 so it will calculate at 100%?

[TaxGuyBill]

Did you forget to enter Box 14 of the K-1 for SE tax?  That should trigger it.

[Debst99]

No, I did enter the codes and the dollar amounts.  It didn't trigger it.

[TaxGuyBill]

I don't know why it isn't showing up for you.  I just  test return and it is showing up for me.