Abbeysis
New Member

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.