MegaX8
Level 2
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I compared the tax returns if I try to deduct health insurance from S-corp K1 to another tax return where I'm deducting health insurance from LLC income. Looks ...
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Yes, my W2 box 1 shows the salary amount combined with the health insurance expense that was paid.
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The deduction is 0, which is what the problem is. And I can't edit the actual numbers manually in the forms in TurboTax
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Yes I checked the box. Then there's another screen that asks me which business was associated with the policy and the dates business was operational. I pick the...
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It specifically says that I shouldn't enter any info there if I bought health insurance from the Marketplace.
Activity Feed for MegaX8
- Got Cheered for Deduction for Self Employed Health Insurance bought through Marketplace. April 2, 2024 12:43 PM
- Cheered Re: Deduction for Self Employed Health Insurance bought through Marketplace for CatinaT1. March 27, 2024 9:40 AM
- Posted Re: Deduction for Self Employed Health Insurance bought through Marketplace on Deductions & credits. March 26, 2024 7:40 AM
- Posted Re: Deduction for Self Employed Health Insurance bought through Marketplace on Deductions & credits. March 25, 2024 3:12 PM
- Posted Re: As a greater than 2% shareholder of a S-Corp, your health... on Deductions & credits. March 25, 2024 12:50 PM
- Posted Re: Deduction for Self Employed Health Insurance bought through Marketplace on Deductions & credits. March 25, 2024 10:56 AM
- Posted Re: Deduction for Self Employed Health Insurance bought through Marketplace on Deductions & credits. March 25, 2024 10:43 AM
- Posted Deduction for Self Employed Health Insurance bought through Marketplace on Deductions & credits. March 25, 2024 10:33 AM