How do I enter Long Term Care insurance payments to be included in the SE health insurance deduction on line 29 of Form 1040 using worksheet view?
ProSystem fx does not produce the Worksheet 6-A Self-Employed Health Insurance Deduction Worksheet showing on page 19 of Publication 535. On this worksheet an amount may be allowed for payments made to LTC contracts.
Calculation of the amount allowed on Form 1040 line 29 in regards to LTC payments will have to be computed manually.
Do not include the same amounts on Schedule A.
To enter an additional amount that will be added to any system-calculated amounts for Form 1040 line 29 in Worksheet View:
- Go to Income/Deductions > Other Adjustments.
- Select Section 4 - Form 1040 Adjustments.
- In line 7 - Self-employed health insurance deduction, enter the amount..
- Calculate the return.
| Solution Id | 000151785/sw15441 |
|---|---|
| Direct Link |
