Hello. Me and my wife run an S Corp, we got 2x K1 from the company, we are shareholders and work for the company. We did not have payroll or W2. We had health insurance through Marketplace. I am not sure if I should check I'm self-employed and bought Marketplace plan. under Deductions & Credits -> Medical -> Affordable Care Act (Form 1095-A) tab.
Learn more link shows:
If you reported self-employment income on any of the schedules listed below and you used that income to buy health insurance through Healthcare.gov or your state Marketplace, you can deduct your premiums on your taxes. However, you need to tie that income to your 1095-A so we can properly calculate the deduction amount.
- Schedule C – Self-employed business income
- Schedule F – Farm income
- Schedule K-1 partnership – This only counts if you earned self-employment income from that partnership, which means you would have an entry on Line 14 of your K-1 from that partnership.
- Schedule K-1 S corporation – This only counts if you have a W-2 from that S corporation and are an owner with more than 2% interest in the S corporation.
According to this I should not select this box if I do not have W2. But does this apply in my case?
Thank you
