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posted Jun 6, 2019 8:26:06 AM

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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Level 9
Jun 6, 2019 8:26:07 AM

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).

1 Replies
Level 9
Jun 6, 2019 8:26:07 AM

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).