How to enter the 2% Shareholder Insurance deduction from my S Corp for 2019?

[I_M]

What if the plan is not by marketplace , but health provider (Kaiser)? They send 1095-B form not 1095-A.

[Anonymous]

there are rules that the S-corp and shareholder must follow so the 2% shareholder can deduct the SE health insurance on his 1040.

if S-corp paid the premiums directly for the 2% shareholder.  the S-corp is supposed to deduct them as compensation to the shareholder and must include them as compensation line 1 of w-2 and as info in box 14.  

if the shareholder pays directly the premiums on a policy in their name, the S-Corp must reimburse them and proceed as above in reporting on corporate return and shareholder w-2. (Notice 2008-1)

[gantkkir]

HI Sir,

I had completed my taxes for 2020. I did the same thing as last year 2019 instructions you had written above. However, I notice that this year there were no self employment deduction. Is there a glitch? Without the deduction I will be paying more taxes on wages that my S Corp reimbursed me for the health insurance premium. Also, I did receive a 1095-A could that be the problem?

[Benny12]

I applied this to my 2020 taxes after struggling for days with this issue. I applied your work around and finally got the self employed deduction to show up on 1040 Schedule 1 line 16 and on line 10a  and  10c of the 1040. Checking the Medicare box did the trick. Thank you!

[charlemangethedad]

Hello,

I was curious to know if I would be able to take the insurance deduction based on my situation.  Last year I added a health insurance coverage for myself and my other employee (wife), titled under the company name.  I mistakenly didn't have payroll run the health insurance premiums, I paid them with a direct bank draft.  Am I still able to receive the health insurance deduction?

Thank you,

[AmeliesUncle]

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@charlemangethedad wrote:

Hello,

I was curious to know if I would be able to take the insurance deduction based on my situation.  Last year I added a health insurance coverage for myself and my other employee (wife), titled under the company name.  I mistakenly didn't have payroll run the health insurance premiums, I paid them with a direct bank draft.  Am I still able to receive the health insurance deduction?

Thank you,

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You need to amend your W-2 to have it added to Box 1 of the W-2.