Level 2

1120S S Corp health insurance and QBID

Forum|Forum|6 years ago
March 5, 2020
2 replies
17 views

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.

Ellie2020

This topic has been closed for replies.

IntuitJim

Level 5

https://proconnect.intuit.com/community/proseries-discussions/discussion/is-qbi-reduced-again-by-the-s-shareholder-for-health-insurance/00/31898

IntuitCharlene

Community Manager

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.

**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.

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