My rental business is a partnership and I report the income on a K-1
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If you paid the premiums out of pocket and were not reimbursed by the partnership, please follow these steps to enter the information:
If you paid the premiums out of pocket and were not reimbursed by the partnership, please follow these steps to enter the information:
My parents are retired (85 years old) and their main source of income is their rental property and social security. They also have a 1095-A Marketplace insurance. Since their rental property is their main business, how do I help them deduct for Self-Employed Health Insurance? I entered on Schedule E as Other Expense. Is this correct?
@ochang wrote:My parents are retired (85 years old) and their main source of income is their rental property and social security. They also have a 1095-A Marketplace insurance. Since their rental property is their main business, how do I help them deduct for Self-Employed Health Insurance? I entered on Schedule E as Other Expense. Is this correct?
No. Schedule E is not self employment, so there is no Self Employed Health Insurance deduction.
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