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Deductions & credits
Yes, if you personally paid health insurance that was added to wages paid by the S-Corp, you may claim these without being reported on the K1.
- Go back into the K-1 entry portion of the interview.
- You will come to a screen, Other Situations.
- Mark the box I personally paid health insurance.
- Enter the premiums paid on the next screen, Self-Employed Insurance Costs. Click Continue.
- You will eventually be brought back to the S-Corporation K-1 Summary. Click Done if you have no additional K-1s to enter.
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‎April 4, 2023
6:53 PM