Solved: Health insurance premiums self employed
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New Member

Health insurance premiums self employed

This is listed on my W-2 line 14 and my K-1 line 17 code V but not showing up on my 1040. How do I enter this number?
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New Member

Health insurance premiums self employed

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.

View solution in original post

1 Reply
New Member

Health insurance premiums self employed

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.

View solution in original post

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