Hi,
I am using TT Premier to file personal tax returns. I have already completed filing returns for my S-Corp LLC using TT Business.
I am a single employee of the LLC and my business pays health insurance premiums for me. This amount is reflected on my w-2. In 2021 on form 1040 schedule 2 line 17 "Self Employed Health Insurance" the amount of health care paid is reflected.
I am unable to figure out how TT Premier reflects the amount contributed by my business in 2022. It shows blank. Any help would be appreciated.
Best,
Leo
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After you enter your K-1 schedule from the S corporation, you will see a screen that says Other Situations on which you need to check the box that says I personally paid health insurance ... and this S corporation paid me wages. On the next screen you will be asked to enter your wages from the company and your health insurance premiums. This should make your allowable health insurance premiums for the self-employed health insurance deduction populate on your schedule 1, line 17.
Thank you ThomasM125.
This worked and the entry now appears on line 17 :-).
Just fyi...TT required an update to Self Employment version of software.
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