1116 SE health insurance adjustment

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itonewbieAnswer

Level 15

No. She has only Foreign divs on stock investments.

Then, there's nothing to allocate.

---------------------------------------------------------------------------------Still an AllStar

sjrcpa

Level 15

What is your question?

The more I know the more I don’t know.

abctax55

Level 15

Huh ?

HumanKind... Be Both

M

mstsaxAuthor

Level 3

I got a “Suggestion” on my return that said the program saw that there was SE income and Foreign transactions on the K-1. So it warned that the program doesn’t allocate SE expenses related to K-1 income to the 1116. Examples include SE Health insurance, deductible portion of SE tax and SEP deductions. I do not where to make these adjustments in the program.

itonewbie

Level 15

Does the partner have any foreign source self-employment income under the General Limitation basket?

---------------------------------------------------------------------------------Still an AllStar

M

mstsaxAuthor

Level 3

No. She has only Foreign divs on stock investments.

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