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New Member
posted Jun 6, 2019 2:21:47 AM

How can I report self employed health insurance premiums on line 29 of the 1040?

We have an S Corporation with a health insurance plan. My husband is a dentist and 100% shareholder of the S Corp.  Our families' health insurance premiums are reported in box 14 of his W-2.  The premiums are also noted in box 17 of the K-1.  My corporate tax accountant has instructed me to report our health insurance premiums on line 29 of the 1040.  However, when I enter the premiums in the K-1 on Turbo Tax, the amount rolls onto my Schedule A instead of line 29.  How can I force this number to line 29?  I tried entering it in the Schedule C area of Turbo Tax, but it doesn't appear anywhere on my 1040 when I do this.  Help!

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1 Best answer
New Member
Jun 6, 2019 2:21:49 AM

To enter your Self Employed Health Insurance you paid through your Partnership, LLC or S-Corporation into TurboTax Premier: 

  1. Click the Federal Taxes tab
  2. Click Wages & Income
  3. Scroll down to Business Items
  4. Click the blue Show More button in this section
  5. Click Start (or Revisit) next to Schedules K-1, Q
  6. Click Yes
  7. Click Update next to the Schedule K-1 you need to add the deduction for
  8. You'll need to click through the slides until you come to the screen shown below.  Please note that the first image is for Partnership and the second image is for S-Corps
  9. Here you'll need to put a check next to "I personally paid health insurance....."
  10. The next screen will ask for the amount you paid

6 Replies
New Member
Jun 6, 2019 2:21:49 AM

To enter your Self Employed Health Insurance you paid through your Partnership, LLC or S-Corporation into TurboTax Premier: 

  1. Click the Federal Taxes tab
  2. Click Wages & Income
  3. Scroll down to Business Items
  4. Click the blue Show More button in this section
  5. Click Start (or Revisit) next to Schedules K-1, Q
  6. Click Yes
  7. Click Update next to the Schedule K-1 you need to add the deduction for
  8. You'll need to click through the slides until you come to the screen shown below.  Please note that the first image is for Partnership and the second image is for S-Corps
  9. Here you'll need to put a check next to "I personally paid health insurance....."
  10. The next screen will ask for the amount you paid

New Member
Jun 6, 2019 2:21:51 AM

Thank you NancyG!  This worked!  The first time I tried this, TurboTax put the amount paid for premiums on my Schedule A, in the medical section.  But this time, it showed up on line 29 of the 1040.  Yay!

New Member
Jun 6, 2019 2:21:52 AM

Your welcome

New Member
Jun 6, 2019 2:21:54 AM

I entered the amounts as noted above by TurboTaxNancyG.  However, the amount is flowing to Schedule A and not line 29 still.  I have also entered Form 1095-A information as we have received this as well.  The premiums are actually being double counted on Schedule A and the AGI limit is being applied to the entire amount.  In any case, I have not been able to get anything to flow to line 29.  Any suggestions?  I am using TurboTax Premier for 2017.

Level 3
Jun 6, 2019 2:21:56 AM

I believe you need to open the form "Health LTC Wks", which I found in the form list under my K-1.  Once you enter your W-2 Medicare Wages on Line B, your info should flow to 1040 line 29.

New Member
Jun 6, 2019 2:21:57 AM

Hi All,

I am using 2018 Turbo Tax Premier version, I followed the exact instructions and the amount from on Schedule K-1 line 13 code M would still flow to Schedule A.  Since I don't itemize the taxes in 2018, I don't have a Schedule A.   

IRS indicated that medical insurance paid by self-employed should be reported on Schedule 1 (Form 1040), line 29, you may be allowed to deduct such amounts, even if you do not itemize deductions.

Anyone can help with using the Turbo Tax?  I have been using the software for over 5 years and quite happy with this until this glitch that does not allow me to edit my tax forms.  Help!!!