Then when preparing your individual tax return with TurboTax and you enter the Schedule K-1 (Form 1120-S) that you receive from the S corp, TurboTax will have a box on the Other Situations page for you to mark to indicate that you personally paid for the health insurance and the S corp paid you wages. This will cause TurboTax to include the amount on Schedule 1 on the line for reporting a self-employed health-insurance deduction. (Even though you are not actually self-employed, this is where the deduction is required to be claimed under these circumstances.)
