ProConnect HelpIntuit HelpIntuit

Entering S Corp K-1 health insurance income and health insurance deduction in ProConnect Tax

SOLVEDby IntuitUpdated August 25, 2023

On an S-Corp K-1, to input heath insurance that is being entered as income on Line 10 (code E) and then backed out as a deduction on Line 12 (code S), follow these steps:

For Health Insurance Income (Line 10):

  1. Go to Input Return Schedule K Income and Deductions
  2. Scroll down to the Income (Loss) section.
  3. In the Other income (loss) (Click on button to expand) select the K-1 Code and H=Other Income.
  4. Enter any other applicable information.

For Health Insurance Deduction (Line 12 Code S):

  1. Go to Input Return Schedule K Income and Deductions
  2. Scroll down to the Deductions Section.
  3. In the Other deductions (Click on button to expand) select the K-1 Code and S = Other Deductions.
  4. Enter any other applicable information.

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads