Answered: Deduct SE Health Insurance for Partnership QBI

BBB · ‎12-07-2019

Why isn't Proseries deducting SE Health Insurance in calculating Partnership QBI? It is deducting it for Schedule C QBI calculation.

IntuitCharlene · ‎12-07-2019

I did some digging into this and for the K-1's it would not automatically adjust for the Self Employed Health Insurance Deduction. The program assumes that this has already been taken into account on the K-1 through either Guaranteed Payments or Wages and would already be impacting QBI. If it has not already been taken into account on the K-1 then it Section D of the Schedule K-1 Worksheet you would need to make an adjustment to the amounts reported there.

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IntuitCharlene · ‎12-07-2019

I did some digging into this and for the K-1's it would not automatically adjust for the Self Employed Health Insurance Deduction. The program assumes that this has already been taken into account on the K-1 through either Guaranteed Payments or Wages and would already be impacting QBI. If it has not already been taken into account on the K-1 then it Section D of the Schedule K-1 Worksheet you would need to make an adjustment to the amounts reported there.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Accept as solution" and then just changing the Accept as solution to Mark as Best Answer, mine gets cutoff, so it is too long. I changed mine to the following and it fits. -->**Say "Thanks" by clicking the thumb icon in a post
**Click "Mark as Best Answer " to mark the post that answers your question.

tonycpa · ‎02-12-2020

Dear moderator,

Would you please put this in as a program modification recommendation to automate this process?

Manually entering adjustments in ProSeries is just plain trouble waiting to happen.

Mistakes are bound to happen.

I expect an exceptional program to highlight this potential error, and bring it to my attention whether or not to deduct SE Health Ins from QBI.

Thank you.

Sincerely,

Tony

tonycpa · ‎03-14-2020

Dear moderator,

3/14/20 and still no clear instructions!

Deduct SE Health Insurance for Partnership QBI

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