turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts about Education: Credits & Reporting! >> Event happening TODAY!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jgn
Returning Member

I'm trying to find out where my SE Health Deduction from my S-Corp in CA goes on Federal return.

I'm trying to find out where my SE Health Deduction from my S-Corp in CA goes on Federal return. In 2023 the deduction appears on Schedule 1 line 24z. When I right click on this line to find out the "data source", I get NOTHING. Why is this? I need to know what form or worksheet this comes from so that I can enter it. I did enter SE Health premiums in Box 14 W-2 for S-corp wages, but it doesn't show up on Schedule 1. In my 2023 return it did.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
PatriciaV
Employee Tax Expert

I'm trying to find out where my SE Health Deduction from my S-Corp in CA goes on Federal return.

In TurboTax for 1040, enter the W-2 as received. When entering Schedule K-1, continue to the Other Situations page and check the box for "I personally paid health insurance..." Enter your S-Corp wages and the amount of premiums you paid on the Self-Employed Health Insurance page. This entry will carry the premiums to Schedule 1 Line 17.

 

See also: Can I deduct health insurance premiums as an S Corporation shareholder?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
jgn
Returning Member

I'm trying to find out where my SE Health Deduction from my S-Corp in CA goes on Federal return.

You're suggesting using the step-by-step process, which I don't use.  I wanted to know how to directly enter this on the appropriate form? 

 

I did figure out later (as you also note) that to get there using the step-by-step process, you have to do the following somewhat convoluted process:

Go to the Personal category.
Go to the Personal Income subcategory.
Choose the option "I'll choose what I work on"
Find the section labeled Business Investment & Estate/Trust Income.
Click start or update on "Schedule K-1, Schedule Q".
Continue through to the K-1 entry screen.
Enter all of your K-1 information and continue through to the screen labeled Other Situations.
Check the box labeled I personally paid health insurance and/or long term care insurance premiums for myself or my family and this S-Corp paid me wages.
Enter the premiums and your Medicare wages from your W-2.

 

Why can't TT just allow easier step-by-step access directly to K-1 forms as they're very common.

 

 I later saw that using "Forms" only it would have to be entered on Schedule K-1 (Form 1120S), for those who want to enter it directly.

 

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question