Discussion:S-corp health deduction on K-1 and 1040

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Discussion Forum Index --> Basic Tax Questions --> S-corp health deduction on K-1 and 1040
Discussion Forum Index --> Tax Questions --> S-corp health deduction on K-1 and 1040

Www.cpa1.biz (talk|edits) said:

9 January 2008
Almanacers,

I am using Pro Series Professional and I am looking if there is a worksheet to enter in the health insurance for an S-corp officer. The officer will have this on their W-2 and there will be a line showing Scorp Health Insurance. It is on the K-1 as well. Is there a place on the W-2 or K-1 worksheet or somewhere I am not seeing here where the deduction will carry over to page 1 of 1040?

Please advise.

Thanks,

Bj

Jdugancpa (talk|edits) said:

9 January 2008
In the 1040, it is at the very bottom of the "K1 S Corp Additional Info 1" worksheet.

JR1 (talk|edits) said:

January 9, 2008
Is it really? Have to look for that.

Www.cpa1.biz (talk|edits) said:

9 January 2008
JD,

thanks for the info. yes, JR, I just saw it and tested it and it works. Thanks a lot.

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