Hi,
I have a question regarding medical insurance premium for s corp. When I enter the compensation for officer (from Box 1 of W2) in 1120S and then enter medical insurance premium in Deduction section "compensation and benefits", the total income becomes more than the total compensation by the insurance premium amount. So, should I not enter medical premium paid in the Deduction section?
Also, when I file personal return, can I deduct the premium again? This is in effect deducting the premium twice, once on 1120S and once on schedule 1. Is it correct?
