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.
