Partnership Fringe Benefits

[Lion EA]

I go through this every year. I have one partnership and one S-corp that provide health insurance and a SIMPLE plan. They're enough alike and enough different and the only entities I prepare with benefits, that I manage to get confused all over again each tax season. Of course, the businesses do something a little different each year, also. I have my notes from last year which confirm where some of the entries appear on the Form 1065, but I can't decipher how I entered them.

For the LLC taxed as a partnership, husband and wife, wife active in business and getting guaranteed payments: LLC wrote checks for wife's SIMPLE contribution of $10,500, her health insurance premiums of $11,000 (to keep round numbers), and brand new this year her HSA of $5,800.

Now, some of that I know where it's reported on Form 1065. GP + HI on page 1 line 10, page 4 line 4 (Schedule K) and GP only on page 5 line 3 of Schedule M-1 and HI only on page 3. I'm struggling with the data entry to make that work, but I think I know what the end result should look like for GP and HI.

What about the SIMPLE contribution, and then the company match?

And, the new addition this year of the HSA? Do I include that with HI?

I know I shouldn't work on this one late at night! Last year, jklcpa was very helpful; are you out there now? Last year I was sure I understood the GP/HI part and was shaky on the SIMPLE; however, I was out of balance by the HI amount, so wasn't as wise as I'd thought. This year, I'm still shaky on the SIMPLE, and have no idea about the HSA.

I don't do their personal return, so she wants the K-1 all perfect for her to enter the codes and numbers into TurboTax! She calls me with TurboTax data entry questions! If I can get her K-1 accurate, maybe she won't have as many questions! She also sells Mary Kay and is a musical actress and director, so has at least one Schedule C. So, whatever I do with her SIMPLE isn't the end of the story, since it's based on her Schedule SE numbers, right? Please help!

[Lion EA]

I'm shamelessly bumping this up...