turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where do you input on a form 1065 Items paid by partnership that flow to each partner k1. Ie long term care insurance life disability vision insurance ?

Which input form
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Where do you input on a form 1065 Items paid by partnership that flow to each partner k1. Ie long term care insurance life disability vision insurance ?

For a quick overview, see https://kb.drakesoftware.com/Site/Browse/10109/1065-Entering-Payments-for-Partner-Health-Insurance

 

Generally, the premiums are treated as guaranteed payments which the partners include in income (and the partnership can deduct unless the accounting results in a reduction in distributions to the partners). The partners can then deduct the premiums paid as adjustments to income.

TomD8
Level 15

Where do you input on a form 1065 Items paid by partnership that flow to each partner k1. Ie long term care insurance life disability vision insurance ?

Your post indicates you are using TurboTax Online.  In order to complete Form 1065, you must use TurboTax Business, which you can purchase here:

TurboTax Business CD/Download 2022-2023 | Desktop Business Tax Software (intuit.com)

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies