- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
"The resulting K-1 shows wages as actual wages plus health insurance."
This sounds like the K-1 recipient is a more than 2% owner of a SubS corporation. For this individual, the premiums paid for health insurance for the 2% owner by the SubS corporation are added to the 2% owner's income, and the owner deducts this amount on his/her Schedule 1 (1040).
If this is the case, then TurboTax is working correctly, even if it is not obvious. Remember that TurboTax is DIY, which assumes that you understand taxation. Learn More links are added in many place (which is how TurboTax might refer to such things), but it is not possible for TurboTax to add Learn More links in every place it might be handy.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 11, 2023
4:56 PM
792 Views