Question
1065 K-1 Guaranteed Payments - Health Insurance Premiums
Hello, we completed a 1065 with the partnership paying the insurance premiums for the sponsored plan and reported the payments as guaranteed payments on the K-1s. I noticed on the 1040 for the partners, it's only allowing a partial adjustment to income for the insurance cost and the rest is on the Sched A. Is there a way to review the calculation on the 7206. When I try to look up that form it isn't showing and I wanted to see how the program is calculating the deduction. Thank you.
