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Entering a self-employed health insurance deduction in Lacerte

SOLVEDby IntuitLacerte Tax119Updated April 13, 2022

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:

  1. Go to Screen 24, Adjustments to Income.
  2. Scroll to the SE Health Insurance section or select it from the left navigation panel.
  3. Enter the Premiums not entered elsewhere (excluding long-term care) (taxpayer code 16, spouse code 66).
  4. 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:

  1. Go to Screen 10, Wages, Salaries, Tips.
  2. Scroll to the Other Information section.
  3. 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.

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