I am having the most terrible time with TurboTax this year. If I cannot get this straightened out, I'm requesting a refund and using a different prep software.
Issue 1: My K-1 has box 20 info that TurboTax will not deduct properly
TurboTax is not deducting my 401(k) contribution deduction, my health insurance premiums deduction, or my Keogh contribution deduction. I had an awful time with this last year but luckily found a post that described a strange way in making it work. I have tried every possible solution, and nothing works. My last attempt was to check the box in the K-1 screens that asks if I personally paid health insurance. I clicked the box and entered the amount. My federal refund went up, but my Kentucky liability stayed the same. I tried some workarounds with the 401(k) and Keogh as well to no avail. I decided to go ahead and pay so that I could preview the return. Sure enough, no deductions to get to AGI. Then I noticed the second gigantic issue.
Issue 2: TurboTax did not compute self employment tax on my K-1 income.
Am I missing something here? No wonder my refund was so high.
Thank you,
Nathan
