I own more than 2% of an S corp. Where can I enter the Shareholder's Health Insurance from Line 12 of my K-1?
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I own more than 2% of an S corp. Where can I enter the Shareholder's Health Insurance from Line 12 of my K-1?

 
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New Member

I own more than 2% of an S corp. Where can I enter the Shareholder's Health Insurance from Line 12 of my K-1?

To enter your Self Employed Health Insurance you paid through your Partnership, LLC or S-Corporation into TurboTax Premier: 

  1. Click the Federal Taxes tab
  2. Click Wages & Income
  3. Scroll down to Business Items
  4. Click the blue Show More button in this section
  5. Click Start (or Revisit) next to Schedules K-1, Q
  6. Click Yes
  7. Click Update next to the Schedule K-1 you need to add the deduction for
  8. You'll need to click through the slides until you come to the screen shown below.  Please note that the first image is for S-Corps and the second image is for Partnerships
  9. Here you'll need to put a check next to "I personally paid health insurance....."
  10. The next screen will ask for the amount you paid

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