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Investors & landlords
We are old and retired and have rental property reported on sch. E. I have been overriding the self employment health insurance deduction which is now on Schedule 1 - Line 16 for several years and entering the medical and long term care premium costs then I printed the tax return so I could hand write on line 16 "Sch. E" in order for it to be clear what I was doing. I send the printed tax forms to the IRS each year so they can see what I did. They have never questioned this yet.
Now in the 2020 TurboTax they do not allow Sch. 1 - Line 16 override. - Keith
March 17, 2021
7:12 PM