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Deductions & credits
Your self-employed health insurance premiums reported in Box 14 of your W-2 are entered when you are entering the K-1 form. Please follow these steps:
- When you are entering the K-1 from your S-Corporation, you will come to a screen, Other Situations. [See Screenshot #1, below]
- On this screen, mark the box I personally paid health insurance and/or long-term care insurance premiums for myself and my family and this S corporation paid me wages.
- A few screens later you will see Self-Employed Health Insurance. Enter the amount of Medicare wages from your W-2 and the health insurance premiums you paid. [Screenshot #2]
- You will be able to enter any long-term care premiums on the next screen.
Screenshot #1
Screenshot #2
‎April 13, 2021
9:50 AM