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What needs to be manually input for 1065 Section 199A, Box 20, Code Z
My partnership K-1 Section 199A, Box 20, Code Z lists
Ordinary Income YYYY
Self-employment earnings
Health insurance payments XXXX
W-2 wages WWWW
I have previously input the "Health insurance payments XXXX" under section 13 M.
Turbo tax then asks for "More Information on Your 199a"
There is a spot for Ordinary Income YYYY
There is a spot for W-2 wages WWWW
My understanding is that since the health insurance is 100% paid at the entity level, it needs to be recorded as a deduction. Do I put this under other deductions (looking at the actual tax forms the Health insurance payments XXXX does not appear anywhere)?
‎April 2, 2023
9:22 AM