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Deductions & credits
@Sam Hopi wrote:Hi, I have a question regarding this matter. If S-Corp already paid the cost of insurance what is the reason we have to link 1095-A to k-1 to deduct this premium while S-Corp already paid?
Because the corporation added it to Box 1 of your W-2. Then you can link the health insurance so it becomes a deduction on your personal tax return (on Schedule 1).
‎November 2, 2023
11:18 AM
1,342 Views