- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1040 Schedule 1 Line 17 Self Employed Health Insurance Deduction Not Updating
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.
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1040 Schedule 1 Line 17 Self Employed Health Insurance Deduction Not Updating
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.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1040 Schedule 1 Line 17 Self Employed Health Insurance Deduction Not Updating
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.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1040 Schedule 1 Line 17 Self Employed Health Insurance Deduction Not Updating
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.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
1040 Schedule 1 Line 17 Self Employed Health Insurance Deduction Not Updating
Your answer works. Thank you very much.
Still have questions?
Make a post