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I am assumed a 2% s-corp owner but am not. How do I deduct my health insurance premiums?
I am the child of the owner of the company I work for so the IRS assumes I am at least a 2% owner of their s-corp, but I am not. As a result, I am not allowed to pay my health insurance premiums pre-tax but have always been able to deduct them on my taxes. For the life of me, I can't figure out how to do it on TurboTax this year.
I also can't remember how I did it last year. Previous to 2023, I just made a k-1 for the company and listed the premiums there. Is that what I should do?
Thanks for any help you can give.
‎April 3, 2025
6:38 PM