Can TurboTax handle a code in K-1 Box 17?

[saudahmirza]

I have been using H&R Block's online software but am thinking of switching to TurboTax this year because I now have a K-1 Form 1120S to input. H&R's online software can't handle any codes in box 17 (I have code V, a separate statement for shareholder's health insurance premium). Can TurboTax software handle this? Thank you.

[MiriamF]

For K-1 Form 1120S Box 17, TurboTax Self-Employed has Codes A through V.

Typically, though, items listed as "Other information" (Code V) are either not important to calculating your tax or provide additional information regarding how the other lines were calculated. 

Regarding your health insurance premium listed in Code V, they should be listed on the W-2 from your S-Corp in Box 14.

When you are entering your K-1 in TurboTax, follow the instructions below to include your Self-Employed Health Insurance.

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