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ShoeBox Taxes
Level 5
March 3, 2021
Solved

Self Employment Health Insurance Deduction for S-Corp Member

  • March 3, 2021
  • 5 replies
  • 35 views

Client is an S-Corp Member. Intuit gives me all sorts of information on where to enter the health insurance on the 1120-S, which seems to be out-of-date, because line 17 A no longer has an expansion screen (it appears to be line 17V now) and I can't find "Self employed health insurance" anywhere on line 17.

But either way .... how do I enter it on the client's 1040?

TIA

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Best answer by dkh

In the K1 worksheet within 1040 program....find the section with heading Final/Amended  there you will have a Quickzoom to enter health insurance premiums        (  Terrible heading for this kind of information )

5 replies

dkh
dkhAnswer
Level 15
March 3, 2021

In the K1 worksheet within 1040 program....find the section with heading Final/Amended  there you will have a Quickzoom to enter health insurance premiums        (  Terrible heading for this kind of information )

ShoeBox Taxes
Level 5
March 3, 2021

OMG, I never would have thought to look there. Final / Amended? What were they smoking when they put it there?

dkh
Level 15
March 4, 2021

@ShoeBox Taxes wrote:

 What were they smoking when they put it there?



lol 🚬   whatever it was it they are still puffing on it based on some of the quirky things happening this year and someone double toked 🚬 then created the new Schedule D setup  😂