Level 2

QBI and Self-Employed Health Insurance Deduction

Forum|Forum|7 years ago
March 20, 2019
1 reply
5 views

I have a shareholder in an S corporation and I cannot figure out how enter the self-employed health insurance (that was properly included in shareholder's W2) so it reduces the qualified business income of the related S corporation.

Individual

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P

PSeagrovesAuthor

Level 2

I think I answered my own question. It shouldn't reduce QBI because QBI is already reduced by the self-employed health insurance as the S corp is treating as wages.

IntuitCharlene

Community Manager

Great find! The K-1's would not deduct SE Health Insurance from QBI because in both cases it should already have been taken into account on the business side. Through the 1065 its typically in the Guaranteed Payments already. If it wasn't taken on the business side then a manual adjustment would be needed on the Individual Side to reduce the QBI.

**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.

S

Storchon

Level 2

Where can I make a manual entry to QBI so partnership QBI is reduced by the self employed health insurance. The partnership is not deducting the health insurance as a guaranteed payment.

Thank you!

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