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Level 1
December 7, 2019
Solved

Should officer insurance premiums be charged to other adjustment account on schedule m-2. i can't seem to do in Pro Series

  • December 7, 2019
  • 6 replies
  • 32 views
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Best answer by sjrcpa

Yes in an S Corp nondeductible premiums on life insurance go in OAA.

6 replies

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Yes in an S Corp nondeductible premiums on life insurance go in OAA.

The more I know the more I don’t know.
rbynaker
Level 13
December 7, 2019
Oh LIFE insurance, I was thinking health insurance!

Doesn't the life insurance treatment depend on the beneficiary?
rbynaker
Level 13
December 7, 2019

I think your letter is upside down.  They should be on W-2, not M-2.