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Level 2
June 24, 2026
Question

form 8995 form 1040

  • June 24, 2026
  • 2 replies
  • 31 views

Value from the Sub S K1   automatically flows to Form 8995. However I need to subtract the high deductible health insurance premium paid directly by the shareholder that was deducted on Form 1040.On Form 8995. The Simplified Computation box is automatically checked. How can I disable the Simplified Computation? OR is there another method to enter the premium to add back to achieve the correct amount for the QBI calculation?

2 replies

mj757Author
Level 2
June 30, 2026

Hello out there! Any thoughts on IF there is a need to adjust the QBI calculation for health insurance premium paid directly by the shareholder/employee that was taken as SE health insurance deduction on Form 1040?

Intuit Community Champion
June 30, 2026

Being that the s-corp deducts wages the profit reported to owner already has the health insurance deducted, so you don’t adjust the QBI again. Just my opinion haven't researched the IRS