I've read this article: https://ttlc.intuit.com/turbotax-support/en-us/help-article/insurance-medical-benefits/self-employed...
I'm a K-1 partner paying for my health insurance. I tried manually updating Schedule 1 of Form 1040 line 17 Self Employed Health Insurance Deduction and TurboTax does not allow this field to be entered. I followed the above guidance and answered the questions and nothing translates over to the 1040 Schedule 1. I do see a K1P addl Info 1 Form was created however.
Seems this should be simple that I should be able to just enter this value into line 17. Someone please help.
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Does box 14 show with code A positive net earnings from self-employment? If not, TurboTax will ignore the amount reported with code M in box 13 because you have no self-employment income from the partnership against which to apply the deduction.
After you enter the K-1, you will come to a screen you to describe the partnership - You have to put a tick mark in the box that says I personally paid for health insurance. 2 screens later, enter the amount on the Any SE Insurance Costs screen. That amount will go to Schedule 1, Line 17.
Does box 14 show with code A positive net earnings from self-employment? If not, TurboTax will ignore the amount reported with code M in box 13 because you have no self-employment income from the partnership against which to apply the deduction.
Your answer works. Thank you very much.
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