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Should premiums I paid for health insurance always be included in a Turbotax K-1 filing?

In one of the Turbotax (2015) prompts in filling out  a K-1 filing, I am prompted to report any health insurance premiums that I paid.

I did pay m own health insurance premiums for part of 2015, but those payments had nothing to do with the partnership that the K-1 is reporitng on. But given the complexities if partnerships and K-1s, I am unsure if these premiums need to be reported under a Turbotax K-1 filing or not.

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4 Replies

Should premiums I paid for health insurance always be included in a Turbotax K-1 filing?

If the Partnership did not pay for the insurance, or reimburse you for the insurance, they would not have added it to box 4 of your K-1.  If that is the case, no, don't enter health insurance in the K-1 section.

Should premiums I paid for health insurance always be included in a Turbotax K-1 filing?

Thank you TaxGuyBill.

Should premiums I paid for health insurance always be included in a Turbotax K-1 filing?

I followed the K-1 prompts and as I was not reimbursed for health insurance premiums, I entered them in this section. However, I was also prompted to enter them earlier in the "deductions section. If I enter them in both, they double-up. Which section should I enter them in?

Should premiums I paid for health insurance always be included in a Turbotax K-1 filing?

If the Partnership did not pay for the health insurance premiums (or reimburse you for them) and did not add them to box 4 of your K-1, do NOT enter it in the K-1 section.
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