Employer Paid Health Insurance

[chrisharris123]

I am a more that 2% owner of an S-Corp.  The S-Corp paid health insurance premiums and included those in my W2 income as described in the IRS 1040 instructions
If you are a more-than-2% shareholder in an S corporation, the policy can be
either in your name or in the name of the
S corporation. You can either pay the
premiums yourself or the S corporation
can pay them and report them as wages.

According to the IRS I should enter those on line 16, but I cannot find a way to enter this in Turbo Tax Premier.  I tried in both 2020 and 2021 versions of TurboTax thinking that maybe the 2021 version was still not complete.  
All of the other answers that I see are for cases when the employee pays the premiums, which is not my case.
Does anyone know how I can enter a value on line 16?

[Mike9241 · Accepted solution]

If you are a more-than-2% shareholder in an S corporation, the policy can be
either in your name or in the name of the S corporation. You can either pay the premiums yourself (WRONG IF THE S-CORP DOES NOT REIMBURSE YOU - THEN NO DEDUCTION) or the S corporation can pay them and report them as wages.

if you pay them yourself the S-Corp must reimburse you and include them on form W-2 (notice 2008-1)

Notice 2008-1 states that if the shareholder purchased the health insurance in his own name and paid for it with his own funds, the shareholder would not be allowed an above-the-line deduction. Similarly, if the shareholder purchased the health insurance in his own name but the S corporation either directly paid for the health insurance or reimbursed the shareholder for the health insurance and also included the premium payment in the shareholder's W-2, the shareholder would be allowed an above-the-line deduction.

The bottom line is that in order for a shareholder to claim an above-the-line deduction, the health insurance premiums must ultimately be paid by the S corporation and must be reported as taxable compensation in the shareholder's W-2.

the health insurance does not get entered through the w-2 nor directly on line 16 of schedule 1 but through the k-1 for the S-Corp. in forms mode theRE is a Quickzoom link to enter the health insurance.  in step-by-step mode there should be a question about health insurance when you get to the K-1 questions. 

[chrisharris123]

Forms => Schedule 1
right click on Line 16 => Data Source => Step 1 Add SE Health and LTC Insurance Dedn Wks =>next
Select my K1 => finish
I definitely would not have found that without your help.
Thank you

[Critter-3]

Making any entries directly in the FORMS mode voids the accuracy guarantee and may stop you from efiling ... if you follow the interview in the K-1 entry section it will lead you all the way ...