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Business & farm
@TaxGuyBill, Yes on W2 box 5 has amount that is much higher than the insurance cost. So I come over to K1, check the box that activity is at risk, and that I paid all insurance. Next question asks how much were medicare wages (box 5), and I enter amount from W2. Next question is how much was insurance, I enter that (11,400), move to next screen that asks about long term care insurance costs, which are none, and I don't see my tax due drop at all. If I go to 1040, line 29 and override it, my tax due drops by 3K. What to do?
May 31, 2019
5:08 PM