There are 3 methods for reporting health insurance premiums on Form 1120-s.
Reporting on Form 1120-S, line 7 - Compensation of officers
- Go to Screen 2, Officer Information.
- For each officer, include the premiums in the Officer Compensation field.
Reporting on Form 1120-S, line 19 - Other deductions
- Go to Screen 15, Deductions.
- Scroll to the Deductions section.
- Enter premiums in Insurance.
Reporting on Form 1120-S, line 12a - Other deductions
- Go to Screen 20, Income and Deductions.
- Scroll down to the Deductions section.
- Hold down Ctrl+E on your keyboard in the Other deductions (Ctrl+E) field.
- Select S=Other deductions as the K-1 Code.
- Enter "Shareholder Health Insurance" as the Description.
- Enter the premiums.