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Presumably you are talking about an S-Corporation, correct? Although you did not state that fact explicitly in your question, we make this assumption because you mention that you are self-employed, and that your business is organized as a corporation. This would seem to preclude the possibility of your business being a Schedule C entity.
However, both S-Corporation and Schedule C filers have the ability to deduct self-employed health insurance premiums costs; your accountant is indeed correct on this point. It's just that the data entry pathways are different for Schedule C filers and those with a Schedule K-1 for an S-Corporation. We will proceed under the assumption that you have an S-Corporation, and thus provide that set of instructions below.
To enter Health Insurance Premiums you paid as a 2% or greater
Self-Employed S-Corporation member, you should perform the following
steps:
Presumably you are talking about an S-Corporation, correct? Although you did not state that fact explicitly in your question, we make this assumption because you mention that you are self-employed, and that your business is organized as a corporation. This would seem to preclude the possibility of your business being a Schedule C entity.
However, both S-Corporation and Schedule C filers have the ability to deduct self-employed health insurance premiums costs; your accountant is indeed correct on this point. It's just that the data entry pathways are different for Schedule C filers and those with a Schedule K-1 for an S-Corporation. We will proceed under the assumption that you have an S-Corporation, and thus provide that set of instructions below.
To enter Health Insurance Premiums you paid as a 2% or greater
Self-Employed S-Corporation member, you should perform the following
steps:
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