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Where do I enter my self employment health insurance premium?
We own three S-Corps. Where do I enter my premium at?
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June 4, 2019
2:05 PM
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Get your taxes done using TurboTax
The self-employed health insurance premiums for a S-Corp owner is enter in the K-1 entry screens for your Schedule K-1 for the S-Corp.
In TurboTax Self-Employed, follow these instructions:
- Go to the Personal category.
- Go to the Personal Income subcategory.
- Choose the option "I'll choose what I work on"
- Find the section labeled Business Investment & Estate/Trust Income.
- Click start or update on "Schedule K-1, Schedule Q".
- Continue through to the K-1 entry screen.
- Enter all of your K-1 information and continue through to the screen labeled Other Situations.
- Check the box labeled I personally paid health insurance and/or long term care insurance premiums for myself or my family and this S-Corp paid me wages.
- Enter the premiums and your Medicare wages from your W-2.
June 6, 2019
5:10 AM