I am an S Corp but did not enter my company-paid health insurance on my W-2. How do I enter the correct info? K-1 has the expense deducted.

[GATiger1]

My K-1 is correct and includes the healthcare expense deduction.  I need to add the amount to my W-2 Box 1 and Box 14 info?  Do I also add it to Box 16 for state wages?  Will it flag if the information enters does not match the W-2?

[CathiM]

You will have to file a corrected W-2 with the IRS.  The IRS will flag it if you add the health insurance on your tax return W-2 and don't change it with them.  It isn't too difficult to file a corrected W-2. There are no penalties to correct it.  You will have to include the Box 1 amount in the state wages Box 16.

[GATiger1]

Yep, my CPA created and filed a corrected W-2.  I've updated the information. Thanks.