Ellie2020
Level 2
03-05-2020
03:08 PM
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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.
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Employee
03-05-2020
03:44 PM
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03-05-2020
03:45 PM
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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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