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Enter Health Insurance as Guaranteed Payment or Small Employer Health Insurance Credit or Both?
I'm a small business LLC with no employee other than me, and I pay my health insurance out of my business checking account. In TT Business, I usually enter zero employees, and then I add the health insurance I pay in the Guaranteed Payments box. I'm wondering if I'm missing an opportunity, and if should instead enter one employee, and complete the Small Employer Insurance Credit, or if I should do both.
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‎June 3, 2019
4:21 PM