turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Guitarplayer1969
Returning Member

S-Corp Self Employed Health Insurance Premiums are showing up in Medical Deductions this year, but not prior years

I have been using TT for many years and from year to year have a similar tax situation with some changes in overall income and expenses, but for some reason, this year the Health Insurance Premiums I report when entering the K-1 Info from my S-Corp, are being lumped into the medical deduction category.  Last year they showed up on Schedule 1 - Adjustments to income, line 14 (Self-Employed Health Insurance Deduction). 

 

Even though I entered them in the same place this year and this is not a Marketplace health plan, this year the premiums are showing up on the Medical Expense Worksheet(Schedule A - Line 1) under "o" Other self-employed health insurance not deducted as an adj to income.  This seem to be cauasing me to lose a bit more of a deduction overall for Medical Expenses from what I can tell.  Other than these premiums, my Medical expenses were a bit more this year, so wondering if it moved them due to thresholds being met.  

 

Wondering if anyone could help me understand why this would happen, and if I can force the system to put it elseswhere to see the effects of that change.  Those lines on the worksheets do not seem to allow me to override, so not sure what to do, or why this is happening.

 

Thanks, Michael

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
ThomasM125
Expert Alumni

S-Corp Self Employed Health Insurance Premiums are showing up in Medical Deductions this year, but not prior years

You need to make sure you enter the health insurance payments in the right place. When you get done entering the information on your K-1 schedule, you will see a screen that says Other Situations, on which one of the options is I personally paid health insurance and/or long-term care insurance premiums for myself and my family and this S corporation paid me wages:

 

 

Then you will have to enter your Medicare wages and the health insurance premiums. The premiums should be listed in box 17 of Schedule 1 of your Form 1040.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Guitarplayer1969
Returning Member

S-Corp Self Employed Health Insurance Premiums are showing up in Medical Deductions this year, but not prior years

Thanks.  I was entering it in the right place.  But it looks like TT moved it over to the correct box after a few times of me delting and re-entering it.  not sure what changed except for my actual medical dedcutions for treatment etc I lumped them all together instead of breaking out each type. Does not make sense to me why this would fix it but it did.

 
 

 

 

 

 

RobertB4444
Employee Tax Expert

S-Corp Self Employed Health Insurance Premiums are showing up in Medical Deductions this year, but not prior years

Do you have self-employment income this year to support the deduction?  If you don't have any self-employment income you can't take the self-employed health insurance deduction.

 

@Guitarplayer1969 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question