1065-US: Entering health insurance for partners (FAQ)

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Question

How do I enter health insurance for partners?

Answer

Enter the health insurance premiums in the Total guaranteed payments: Health insurance field in Screens 4835-2, F-2, Inc, OGWell, and Rent and the Total guaranteed payments related to health insurance field in Screen K-2. UltraTax CS automatically includes this amount as a guaranteed payment deduction on the related activity. The amounts are also included on Schedule K, lines 4a or 4b and 13d; and Schedule K-1, boxes 4a or 4b and 13, code M.

Enter the portion of health insurance that does not represent guaranteed payments in the Other health insurance field in Screen K-2.

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