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

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.