I have scorp health insurance premiums in box 14 of my W2 which I want to deduct on line 29 of form 1040. How do I do this?

gziprin — Tue, 04 Jun 2019 20:05:17 GMT

To enter Health Insurance Premiums you paid as a 2% or gr...

GeoffreyG — Tue, 04 Jun 2019 20:05:19 GMT

To enter Health Insurance Premiums you paid as a 2% or greater Self-Employed S-Corporation member, you should perform the following steps:

Sign into your TurboTax online account and start working anywhere on your return; or launch your TurboTax desktop file
Click the continue button if prompted to do so
Locate the Find / Search box in your TurboTax screen, which is often found in the the upper-right hand corner
Type in the exact search term "K-1" (without quotations) and then click the button
Click Jump To link for K-1 that should appear beneath
Proceed in the TurboTax sub-interview until you see to option to Update or Add a K-1 for S-Corp
If you have already entered your S-Corp K-1, then click Edit; if you have not then click Add
Enter all of the applicable information for your S-Corp, until you reach the "Other Situations" screen
Check the box next to the choice for "I personally paid health insurance . . ."
Click Continue until you reach the Self-Employed health Insurance screen. Here you can enter the amounts you paid for health insurance as an S-Corp owner

In addition to these text instructions, please refer to the several attached screen-capture images below for a visual guide; simply click the pictures to open.

Thank you for asking this important question.

topic I have scorp health insurance premiums in box 14 of my W2 which I want to deduct on line 29 of form 1040. How do I do this? in Deductions & credits

I have scorp health insurance premiums in box 14 of my W2 which I want to deduct on line 29 of form 1040. How do I do this?

To enter Health Insurance Premiums you paid as a 2% or gr...