Can I deduct my W2 box14 "S-CORP-HLTH", though I am neither self-employed nor a S-Corp shareholder? I'm a child of a S-Corp shareholder

[clpbeswick]

My accountant said in the past: "If the S-Corp health is included in your W2 box 14, then you can take the deduction. Also, don't add a K-1 as you don't fit its criteria."

[Rick19744]

The facts are limited, however, I am assuming that you are working for the S corporation and are related to a greater than 2% shareholder.

As such, the health insurance premiums are to be included in your wages; W-2.

These can be deducted on your personal tax return. 

While you are technically not self-employed, the tax law treats you the same as a self-employed individual for this purpose.

[clpbeswick]

Thank you so much Rick19744 for the reply. 

Yes, your assumptions are correct. I should have been more detailed and mentioned that I work for the S-corp and I'm related to the >2% shareholder.  

Would you please help me further and explain the right way to deduct the premium from my personal tax return? 

I use the Windows desktop version of TurboTax Premier, and the only 'simple' way I know is to go: Wages&Income --> Business Items --> Schedule K-1. 

I follow the steps which eventually lead me to enter the premium paid, and enter my medical wages from the corp.

But my concern is that I may not be qualified to have a Schedule K-1 in my personal tax return since I'm not a shareholder, so it follows that the IRS would not accept it. 

Thanks for any help you can give me on how's the best way to deduct this and any related TurboTax steps.