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Deductions & credits
@AmeliesUncle I'm having a hard time following the flow of the numbers with that, with the claim it's deductible. With it in box 4 and 14 it's still taxable income to the recipients. If they want to claim the portion of box 4/14 for medical, it's still a SCH A deduction on the 1040. Since there is no SCH C, I don't see how SCH 1 fits into this with the K-1. I can't find "a flow" for anything related to medical (including insurance) from the K-1 to the SCH 1.
Am I still missing something?
‎April 19, 2020
9:13 AM