Business & farm

Ok ... those are as different as  apples and oranges.   The insurance paid by the corp on your behalf  will be included in the box 1 amount on the W-2 that is issued to you and sent to the SS administration.   NOW for the insurance deduction on the form 1040  you must indicate how much of the box 1 amount was the insurance premiums and by entering it  in the K-1 section.