I
am self-employed filing tax return with turbo tax business. My company is an
LLC pass-through partnership.
I would like to deduct my Medicare premium insurance part B, part D, and Supplement
insurance through My LLC Company.
Part B, and part D are deducted from my
SS benefit payments and are itemized on form SSA-1099. The Supplement insurance
I pay directly myself (not by the LLC). Since LLC report to the partner with
form K-1, the deduction amount is not shown on form K-1 line M 13, and is not
passed to line 29 of schedule 1 of my 1040. Can you suggest how to solve this
issue? I would prefer to pass the deduction with form K-1 of the LLC, but doing
it this way, the balance sheet will be out of balance since the LLC did not
make the payment directly.
