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New Member
posted Jun 6, 2019 1:17:15 AM

Medical Insurance Premiums

I am a >2% shareholder in a sub s corporation.  I have medical insurance premiums paid by my employer listed in box 1 wages on my W-2 as well as in box 14, with the description, "2% HE".  Where in Turbo Tax do I enter the premiums so they show up on line 29 of Page 1 of my 1040

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1 Best answer
New Member
Jun 6, 2019 1:17:16 AM

When you enter your K-1 from the corporation, it will ask you about health insurance, and you need to check that box and answer the followup questions, including re-entering Box 5 of your W-2 from the corporation.

  1. Enter all the applicable information or click through until you come to the Other Situations screen  
  2. Check the box next to, "I personally paid health insurance...."
  3. Click Continue until you get to the Self Employed Health Insurance screen. Here you can enter the amounts you paid.

3 Replies
New Member
Jun 6, 2019 1:17:16 AM

When you enter your K-1 from the corporation, it will ask you about health insurance, and you need to check that box and answer the followup questions, including re-entering Box 5 of your W-2 from the corporation.

  1. Enter all the applicable information or click through until you come to the Other Situations screen  
  2. Check the box next to, "I personally paid health insurance...."
  3. Click Continue until you get to the Self Employed Health Insurance screen. Here you can enter the amounts you paid.

New Member
Jun 6, 2019 1:17:18 AM

I did it wrong the first time.  When re-entering my Box 5 wages plus doing as you recommended, it worked perfectly.  Thank you!

New Member
Jun 6, 2019 1:17:20 AM

Great news!