topic My health insurance premiums are not shown as a business expense in turbotax in Get your taxes done using TurboTax

My health insurance premiums are not shown as a business expense in turbotax

galaxygrafix — Tue, 03 Feb 2026 10:51:59 GMT

I input all of my business expenses in Turbotax including health insurance premiums. It seems excluded from my business expenses. Will is show up in a different part of the process?

Re: My health insurance premiums are not shown as a business expense in turbotax

Vanessa A — Sat, 15 Feb 2025 14:52:18 GMT

Self-Employed health Insurance premiums are not included on your return as a business expense. Instead, they are shown as an above the line deduction on Schedule 1 line 17 and then entered on line 8 as a sum total of all income and adjustments on your form 1040 line 8.

Just remember, the Self-Employed Health Insurance deduction is limited to your earnings. Meaning, you cannot deduct more than you earned.

Re: My health insurance premiums are not shown as a business expense in turbotax

DoninGA — Sat, 15 Feb 2025 14:52:38 GMT

The health insurance premiums will be entered on Schedule 1 Line 17. The totals from Schedule 1 Part II Line 26 flows to Form 1040 Line 10 as an Adjustment to Income.

Re: My health insurance premiums are not shown as a business expense in turbotax

JTM_56 — Sun, 11 May 2025 18:52:46 GMT

Hi. This is for 2024 1120S Taxes. Our Group Insurance consists of Health, Dental and Life. I understand that the health insurance premiums are added to Owner salaries >2% and shown on their K1. The Dental Insurance was left as a company expense, but the "Life Insurance" has disappeared and is not shown on the K1 or as an expense against the company. Can you explain this please?

Re: My health insurance premiums are not shown as a business expense in turbotax

KristinaK — Wed, 14 May 2025 17:48:18 GMT

If we are talking about medical insurance and life insurance for more than 2% shareholders of an S Corp, then please see the details below. The situation differs for non-shareholder insurances.

Medical Insurance (Health and Dental) must be included in the shareholders' wages and reported on their W-2. Then, it is claimed as the above-the-line deduction on the shareholder's individual tax return.
It is not reported on Schedule K-1 directly. Only as an expense that will be incorporated into the net income, which will show up in box 1 of the Schedule K-1.
Life insurance for a shareholder is not a deductible expense. So, you will not see it as part of the other expenses. However, it needs to be reported on Schedule M-1, line 3b, so that the Accumulated Adjustments Account (AAA) reflects the correct information.