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Level 5
March 26, 2025

self-employed health insurance

  • March 26, 2025
  • 1 reply
  • 8 views

My clients have a partnership where they have earned income.  Previously when I entered the self-employed health insurance on Form 7206, it would enter the earned income  on line 4 making the insurance deductible as an adjustment to income.  It is not doing it this year.  What do I do?

1 reply

Level 15
March 27, 2025

Form 7206 is new this year, so you haven't done that in previous years.

In ProSeries, you enter it in the K-1 worksheet (the Quickzoom for it on the 1065 K-1 is near the bottom of the numbered K-1 boxes).

Debst99Author
Level 5
March 27, 2025

Thank you for the answer.  I found the zoom and it entered the business income on line 5, but it shows zero percent, so no deduction showing up.  Zero is on line 4 and that is why.  Where do I enter the information for line 4 so it will calculate at 100%?

 

 

Level 15
March 27, 2025

Did you forget to enter Box 14 of the K-1 for SE tax?  That should trigger it.