I am a more that 2% owner of an S-Corp. The S-Corp paid health insurance premiums and included those in my W2 income as described in the IRS 1040 instructions
If you are a more-than-2% shareholder in an S corporation, the policy can be
either in your name or in the name of the
S corporation. You can either pay the
premiums yourself or the S corporation
can pay them and report them as wages.
According to the IRS I should enter those on line 16, but I cannot find a way to enter this in Turbo Tax Premier. I tried in both 2020 and 2021 versions of TurboTax thinking that maybe the 2021 version was still not complete.
All of the other answers that I see are for cases when the employee pays the premiums, which is not my case.
Does anyone know how I can enter a value on line 16?
