Self Employment Health Insurance Deduction for S-Corp Member

[ShoeBox Taxes]

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 Intuit gives me all sorts of information on where to enter the health insurance on the 1120-S, which seems to be out-of-date, because line 17 A no longer has an expansion screen (it appears to be line 17V now) and I can't find "Self employed health insurance" anywhere on line 17.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

[dkh · Accepted solution]

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]

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

[dkh]

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@ShoeBox Taxes wrote:

 What were they smoking when they put it there?

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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  😂

[ShoeBox Taxes]

It took me a while to get used to, but I actually like the new Schedule D set up. 

And whatever they're smoking, I hope they save some for after 4/15. This year, we're going to need it!

[ered]

Thank you!!