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:
Click the Federal Taxes tab
Click Wages & Income
Scroll
down to Business Items
Click the
blue Show More button
in this section
Click Start (or Revisit) next to Schedules K-1, Q
Click Yes
Click Update next to the Schedule K-1 you need to add the deduction for
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
Here
you'll need to put a check next to "I
personally paid health insurance....."
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