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Salary Deduction in Step-by-Step
Re: TurboTax for Business S-Corp:
The way health insurance is handled in the step-by-step needs to be fixed. If you enter an amount for health insurance in the box provided for that in the step-by-step; behind the scenes, TurboTax adds it into the salary line and the health insurance expense winds up getting double-counted. (Once as part of the salary deduction and once as a separate deduction).
I think I have found a way to avoid the double-counting, but the way this is implemented is very convoluted and likely to cause a lot of confusion.
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March 6, 2024
4:56 PM