2021 Turbo Tax Desktop for Home & Business: incorrect self-employed LTC premium handling

[njudell]

I own a Subchapter S corp, my wife runs a schedule C business. I paid my LTC premiums, and my corporation reimbursed me, listing the payments on my W2. My wife paid her LTC premiums out of pocket. I listed my LTC premiums under the self-employment deduction for the K1 S, and listed my wife's premiums under her schdule C in the step-by-step, carefully listing her premiums as belonging to HER. TT entered it into the form as MY premiums for the schedule C.

[DaveF1006]

To clarify, is the K1 self-employed income the same as what you reported on your W2 issued by the corporation or are these two separate forms of compensation?

[njudell]

Sort of. The W2 for the corporation has the amounts the corporation reimbursed me. The actual self-employed income is from the K1. The issue actually isn't the corporation part at all. The bug is that in the self-guided part, when I enter my wife's LTC premiums under her schedule C - TurboTax erroneously lists it as MY LTC premiums under her LTC. I went to the smart forms and fixed this, but man - it took me a couple of hours to figure out what went wrong.

This year was a ROYAL pain, between this bug, and TT not correctly handling charitable contributions for those who take the standard deduction...  I probably ended up spending 5 hours to fix stuff that amounts to about $200 of saved taxes (but prevented filing the forms until corrected).

I REALLY hate debugging somebody else's software - I have a hard enough time with my own.