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I own more than 2% of an S corp. Where can I enter the Shareholder's Health Insurance from Line 12 of my K-1?
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June 6, 2019
4:37 AM
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Business & farm
To enter your Self Employed Health Insurance you paid through your Partnership, LLC or S-Corporation into TurboTax Premier:
- Click the Federal Taxes tab
- Click Wages & Income
- Scroll down to Business Items
- Click the blue Show More button in this section
- Click Start (or Revisit) next to Schedules K-1, Q
- Click Yes
- Click Update next to the Schedule K-1 you need to add the deduction for
- You'll need to click through the slides until you come to the screen shown below. Please note that the first image is for S-Corps and the second image is for Partnerships
- Here you'll need to put a check next to "I personally paid health insurance....."
- The next screen will ask for the amount you paid
June 6, 2019
4:37 AM