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J
johnefarrar
Level 2
February 10, 2020
Solved

2% shareholder health care deduction on 1120s

  • February 10, 2020
  • 4 replies
  • 25 views

Is the 2% healthcare premium deducted twice on the 1120S? Once as wages and also as an insurance deduction? How is it reported on the 1120s?

This topic has been closed for replies.
Best answer by itonewbie

No, it is only deductible once as wages.  The line for insurance deduction is only for employees and shareholder-employees who are not 2% shareholders.

4 replies

itonewbie
itonewbieAnswer
Level 15
February 10, 2020

No, it is only deductible once as wages.  The line for insurance deduction is only for employees and shareholder-employees who are not 2% shareholders.

---------------------------------------------------------------------------------Still an AllStar
    J
    johnefarrarAuthor
    Level 2
    February 12, 2020

    Thank you.

    itonewbie
    itonewbie
    Level 15
    February 12, 2020

    NP, @johnefarrar!

    ---------------------------------------------------------------------------------Still an AllStar
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