I'm the sole member of an LLC filing as S-Corp. I have my business pay for my health insurance premiums and I report it in my W-2 wages.
Do I report it as a self-employed health insurance deduction on my 1040?
Do I report it as an employee benefit plan or anything on my 1120S?
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In the K-1 entry section look for these screens ....
in practice on the S-corp return, i've included the Health insurance on the same line as wages for the officer. as per the instructions for line 18.
Ok ... those are as different as apples and oranges. The insurance paid by the corp on your behalf will be included in the box 1 amount on the W-2 that is issued to you and sent to the SS administration. NOW for the insurance deduction on the form 1040 you must indicate how much of the box 1 amount was the insurance premiums and by entering it in the K-1 section.
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