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jennystanzel
New Member

S CORP medical premium included in wages (box 1). Should this also amount also be entered under self employment health insurance in schedule K1?

 
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TaxGuyBill
Level 9

S CORP medical premium included in wages (box 1). Should this also amount also be entered under self employment health insurance in schedule K1?

Yes, if the corporation paid for health insurance (or reimbursed you for it) and added it to Box 1 of the W-2, you need to enter that information in the K-1 section.

In the K-1 section is a check box asking about health insurance.  Check that, and be sure to answer the followup questions, including entering Box 5 of the W-2 (Medicaid wages).

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TaxGuyBill
Level 9

S CORP medical premium included in wages (box 1). Should this also amount also be entered under self employment health insurance in schedule K1?

Yes, if the corporation paid for health insurance (or reimbursed you for it) and added it to Box 1 of the W-2, you need to enter that information in the K-1 section.

In the K-1 section is a check box asking about health insurance.  Check that, and be sure to answer the followup questions, including entering Box 5 of the W-2 (Medicaid wages).

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