Deductions & credits

The Self Employed Health Insurance deduction also applies to Partners (and >2% shareholders in a S-corporation).  It is first added to their Guaranteed Payments (or wages for a S-corporation shareholder).  The *IF* the taxpayer qualifies, they can use the Self Employed Health Insurance deduction on Schedule 1.

https://www.irs.gov/publications/p535#en_US_2019_publink[phone number removed]

 

When entering the K-1, there is a check-box about health insurance (although it is VERY poorly worded).  Check that box and the followup questions should do it.

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