taxbiz2511
Level 3
09-08-2021
10:06 AM
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Okay, this will probably be more info than necessary:
I am a shareholder officer in a company that pays for my health insurance
The amount of insurance paid by the company is added to my taxable wages, but not to my social security or Medicare wages. It shows in box 14 as SCORP MP or something similar.
I have to manually enter all of the figures on the W-2 worksheet and then manually enter the information on the K-1 worksheet.
If this item was in the dropdown descriptions for box 14, I would be able to choose "automatically calculate" on the W-2 worksheet and hopefully the program would also carry the information to the K-1.