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However, if you have entered the self-employed insurance premiums correctly, Form 7206 should be included in your personal tax return.
In TurboTax Business, total medical premiums paid by the LLC for the shareholder are entered under Deductions >> Insurance, Health and other Benefits. Your entry here is shown on Form 1120S Line 7 under Deductions (added to other Compensation) and on the W-2 Box 1prepared for the shareholder.
In TurboTax for 1040, enter the W-2 as received. When entering Schedule K-1, continue to the Other Situations page and check the box for "I personally paid health insurance..." Then enter your S-Corp wages and the amount of premiums you paid on the Self-Employed Health Insurance page. This entry triggers the creation of Form 7206 where the premiums are reported on Line 1.
See also: Can I deduct health insurance premiums as an S Corporation shareholder?
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