SE health insurance deductions are listed on Schedule 1, line 14. This information was found on Schedule 1, line 29 in 2018.
Follow these steps to enter a SE health insurance deduction:
- Go to Screen 24, Adjustments to Income.
- Scroll to the SE Health Insurance section or select it from the left navigation panel.
- Enter the Premiums not entered elsewhere (excluding long-term care) (taxpayer code 16, spouse code 66).
- Under the Long-term Care Premiums subsection, enter any applicable amounts in the corresponding fields.
- Premiums paid for self-employed person (taxpayer code 26, spouse code 76)
- Premiums paid by the taxpayer (code 34)
- Premiums paid by the spouse for the taxpayer (code 84)
If the client is a more than 2% shareholder of an S-Corporation, the cost of health insurance paid through the business is subject to income tax.
Follow these steps to indicate that the client is a more than 2% shareholder in an S-Corporation:
- Go to Screen 10, Wages, Salaries, Tips.
- Scroll to the Other Information section.
- Under the Miscellaneous Information subsection, check the More than 2% shareholder in S corporation box.
- To override for the deduction calculated by the program, enter the desired deduction amount in Screen 24, Adjustments to Income in the SE health insurance deduction [O] field.
