Level 3
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Get your taxes done using TurboTax

Which version of TurboTax will allow a small business owner to key in your contributions to the Health Reimbursement Arrangement.  I have always used Home and Business version, but this is new for me this year.  Can TT be used to input the contribution for the HRA. I assume this goes in to line 14 on the schedule c form.

Employee Tax Expert
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Get your taxes done using TurboTax

Yes you can still use TurboTax Home and Business to input the HRA contribution.

 

Under your Business Profile, you will need to indicate that you have employees to open the employee benefits expense category. Enter the description and amount in the 'other employee benefits'  to flow to line 14 of the schedule C.