Deductions & credits

 You enter the deductions at the end of the K-1 entry process.  Follow these instructions and the deduction will show up on Line #16 of Schedule 1.  To enter Health Insurance Premiums you paid as a 2% or greater Self-Employed S-Corporation member, you should perform the following steps:

• Sign in to your TurboTax online account and start working anywhere on your return; or launch your TurboTax desktop file
• Click the continue button if prompted to do so
• Locate the Find / Search box in your TurboTax screen, which is often found in the upper-right hand corner
• Type in the exact search term "K-1" (without quotations) and then press enter
• Click Jump To link for K-1 that should appear beneath
• Proceed in the TurboTax sub-interview until you see to option to Update or Add a K-1 for S-Corp
• If you have already entered your S-Corp K-1, then click Edit; if you have not then click Add
• Enter all of the applicable information for your S-Corp, until you reach the "Other Situations" screen - just click through if you have already entered the K-1
• Check the box next to the choice for "I personally paid health insurance . . ."
• Click Continue until you reach the Self-Employed health Insurance screen.  Here you can enter the amounts you paid for health insurance as an S-Corp owner