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Deductions & credits
In the interview for the K-1 from an S-Corp, the screen asking for percent of ownership is about three screens into the interview and comes right after the screen asking for the S-Corp identification Number. [See Screenshot #1 below.]
To enter the health insurance premiums you paid, follow these steps:
- Go back into the K-1S entry portion of the interview.
- You will come to a screen, Other Situations.
- Mark the box I personally paid health insurance... [Screenshot #2]
- Enter the premiums paid on the next screen, Self-Employed Insurance Costs. Click Continue.
- On the next screen, you will have the opportunity to enter any long-term care insurance costs.
- You will be brought back to the S-Corporation K-1 Summary. Click Done if you have no additional K-1s to enter.
Screenshot #1
Screenshot #2
@Driven to Distraction
March 11, 2021
9:09 AM