What does it mean by PY 8941 No Box while I do the REVIEW?

Forum|Forum|7 years ago
June 7, 2019
2 replies
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While I'm doing the RE
VIEW, it says Form 8941-T: Prior Yr 8941 must be entered. And then a check box with PY 8941 No Box is displaying. What should I do? I don't think I have from 8941 in 2017.

TurboTax Self Employed Online

Critter

Level 15

Did you look at the form ? https://www.irs.gov/pub/irs-prior/f8941--2018.pdf

It has to do with Credit for Small Employer Health Insurance Premiums ... did you enter any employee health insurance premiums on the Sch C ?

wrl1232

Level 2

I’m not showing a schedule c

DawnC

Level 15

It could have been on a prior year Schedule C, F, or E. The Small Business Health Insurance Premium Credit could have come from a K-1 or a cooperative also. You can search for 8941 and use the Jump to 8941 link to be taken to those questions in TurboTax.

Small business owners who subsidize the cost of employee health insurance premiums may be able to get some of that money back by claiming the credit for small employer health insurance premiums on their taxes. Some of the eligibility requirements, however, limit the number of people a business can employ and the average annual wages they earn. Qualifying as a small employer can reduce your tax bill by the amount of the credit you report on Form 8941.

@wrl1232

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wrl1232

Level 2

How do I fix it