Yes, health insurance premiums are deductible. The plan does not need to be in the name of the business. For help entering:
https://ttlc.intuit.com/replies/6156808
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Yes, health insurance premiums are deductible. The plan does not need to be in the name of the business. For help entering:
https://ttlc.intuit.com/replies/6156808
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Yes, health insurance premiums are deductible. The plan does not need to be in the name of the business. For help entering:
https://ttlc.intuit.com/replies/6156808
... View more
Yes, health insurance premiums are deductible. The plan does not need to be in the name of the business. For help entering:
https://ttlc.intuit.com/replies/6156808
... View more
Yes, health insurance premiums are deductible. The plan does not need to be in the name of the business. For help entering:
https://ttlc.intuit.com/replies/6156808
... View more
Yes, health insurance premiums are deductible. The plan does not need to be in the name of the business. For help entering:
https://ttlc.intuit.com/replies/6156808
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Yes, this is a new item this year. The deduction will appear on Form 1040 line 9. Here is more info on the deduction: <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/7036528">https://ttlc.intuit.com/replies/7036528</a>
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These codes are valid. They will use these amounts to calculate their Qualified Business Income deduction on their personal returns. W-2 wages listed here is their portion of wage expense by the business, and will not be reported as wage income on their returns.
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Several limitations apply to Qualified Business Income, including if your income is too high, or too low. Use the flowchart from the linked article to determine if one of the limitations applies:
https://ttlc.intuit.com/replies/7036528
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