- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I entered the amount my scorp paid for health insurance and medicare on the K-1, but only the medicare amount is showing on line 29 of the 1040 form.
I entered the amounts for both medicare and health premiums paid by the Scorp. Only the medicare about is showing up. How do I get it to recognize my premium amount in line 29. I have more than enough income on the K-1 to cover the premium amount.
Topics:
posted
May 31, 2019
6:35 PM
last updated
May 31, 2019
6:35 PM
Connect with an expert
Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I entered the amount my scorp paid for health insurance and medicare on the K-1, but only the medicare amount is showing on line 29 of the 1040 form.
Great, I'm glad you figured it out.
May 31, 2019
6:35 PM
5 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I entered the amount my scorp paid for health insurance and medicare on the K-1, but only the medicare amount is showing on line 29 of the 1040 form.
Did you enter the amount as one figure ?
May 31, 2019
6:35 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I entered the amount my scorp paid for health insurance and medicare on the K-1, but only the medicare amount is showing on line 29 of the 1040 form.
Although it is entered in the K-1 section of TurboTax, the amount of corporate-paid health insurance is added to box 1 of the W-2. Did you do that?
Do you also have more than enough income in box 5 on the W-2 that you received from the corporation?
Do you also have more than enough income in box 5 on the W-2 that you received from the corporation?
May 31, 2019
6:35 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I entered the amount my scorp paid for health insurance and medicare on the K-1, but only the medicare amount is showing on line 29 of the 1040 form.
I have over 10x the amount in box 5. Turbo tax added the insurance premiums to box 1 when I prepared the scorp filing. But for some reason the home and business will not add the amount to line 29. Any other thought?
May 31, 2019
6:35 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I entered the amount my scorp paid for health insurance and medicare on the K-1, but only the medicare amount is showing on line 29 of the 1040 form.
I figured it out. I entered box 4 instead of box 5 and so it took the lesser of the 2 amounts. I"m good now thank you so much for you time and help.
May 31, 2019
6:35 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I entered the amount my scorp paid for health insurance and medicare on the K-1, but only the medicare amount is showing on line 29 of the 1040 form.
Great, I'm glad you figured it out.
May 31, 2019
6:35 PM
Still have questions?
Make a post