bwuenstel
New Member

I entered the amount my scorp paid for health insurance and medicare on the K-1, but only the medicare amount is showing on line 29 of the 1040 form.

I entered the amounts for both medicare and health premiums paid by the Scorp.  Only the medicare about is showing up.  How do I get it to recognize my premium amount in line 29.  I have more than enough income on the K-1 to cover the premium amount.



Get your taxes done using TurboTax

Did you enter the amount as one figure ?

Get your taxes done using TurboTax

Although it is entered in the K-1 section of TurboTax, the amount of corporate-paid health insurance is added to box 1 of the W-2.  Did you do that?

Do you also have more than enough income in box 5 on the W-2 that you received from the corporation?
bwuenstel
New Member

Get your taxes done using TurboTax

I have over 10x the amount in box 5.  Turbo tax added the insurance premiums to box 1 when I prepared the scorp filing.  But for some reason the home and business will not add the amount to line 29.  Any other thought?
bwuenstel
New Member

Get your taxes done using TurboTax

I figured it out.  I entered box 4 instead of box 5 and so it took the lesser of the 2 amounts.  I"m good now thank you so much for you time and help.

Get your taxes done using TurboTax

Great, I'm glad you figured it out.

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