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

[sjrcpa · Accepted solution]

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

[rbynaker]

Oh LIFE insurance, I was thinking health insurance!

Doesn't the life insurance treatment depend on the beneficiary?

[sjrcpa]

yes but we have a paucity of facts here.

[IRonMaN]

"paucity"
Please keep your discussion to four letter words so that you don't stump us morons.

[TAXOH]

:joy:

[rbynaker]

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