This article will assist you with entering health insurance premiums (W-2) for a more than 2% shareholder in the S-Corporate module of Lacerte.
You can report health insurance premiums in the following places:
- Somewhere on Form 1120-S
- To the shareholder on Schedule K-1, box 17, code V
- Form W-2, box 14
Choose one of the methods below for instructions on reporting health insurance premiums.
Reporting health insurance premiums on Schedule K-1, box 17, code V
- Go to Screen 36, Schedule K-1 Misc./Schedule B-1.
- Select the Shareholder from the left navigation menu.
- Enter premiums in Health insurance premium reported on W-2 for more than 2% Shareholder (code 7).
- Use this field even when the shareholder didn't receive form W-2 from the S-corporation.
This appears on Schedule K-1, box 17 as Supplemental Information.