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Level 2
December 7, 2019
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Where do your enter health insurance costs of 100% owner of s-corp in proseries

  • December 7, 2019
  • 1 reply
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Best answer by IRonMaN

The health insurance should have been added to the shareholder's W-2.  Then you report the W-2 wages as officer wages on the 1120S

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

The health insurance should have been added to the shareholder's W-2.  Then you report the W-2 wages as officer wages on the 1120S

Slava Ukraini!
rbynaker
Level 13
December 7, 2019
And then when you're done with the S Corp return, there's a QuickZoom on the 1040 Sch K-1 Wks near the top in the Final/Amended section: "Quickzoom to enter health insurance premiums paid".  Be sure to enter both the insurance and the medicare wages in boxes 1 & 2 way down under "Outside Expenses".