Yes, the health ins premium paid by the S-corp/LLC is included in box 1 W-2 and there is a note on box 14 listing the amount of Health Ins Premium paid. It is also included in line 7 wages of 1120S. I have a note at the end of the K-1 with the health ins amount too.
The trick seems to be that I have to enter the premiums paid by the S-corp into the premiums paid box at the end of the K-1 questions.
When I follow the steps to enter the K-1 into my personal 1040, leaving "the amount of health insurance premiums I personally paid" as 0, the health ins premiums do not transfer to 1040 sch 1 line 17 and form 7206 is not generated.
However, when I enter the health ins premiums paid by the S-corp into the box "health insurance premiums I personal paid" then it flows to sch 1 line 17, and form 7206 is generated.
