Self Employed Health Deduction

[Tracy Lee]

I have client that pays his own health insurance.  I have imported his K1 form his Corp into his 1040 tax return, so all his business data is there.  On line 16, Sch 1 (1040) under Business 1:  His business is not showing up so I can continue with the deduction.  What am I missing to get his business name to appear in the drop down box?

[TaxCPANY]

An entry on Line 11 of the Ln 16, Sch1 worksheet triggers the S corp shareholder healthcare deduction.  The premium amount goes on Line 1 of the worksheet.  The Business 1 and 2 lines at the top of the worksheet don't pertain for this.

[Tracy Lee]

Perfect! Thanks!

[Possi]

I have the same problem with TaxWise. I can't figure it out, either.

[Randall]

And don't forget to input his Medicare wages from his W2.

[Possi]

1 minute ago, Randall said:

And don't forget to input his Medicare wages from his W2.

That doesn't bite for me, either. And it's my own return. I'm an SCorp with a K1 and W2. Any TW users?

[G2R]

I think this thread might be useful. 

 

[Ash Creek Tax]

Thank you so much for this.  I should have checked here first!  I was stuck on this exact issue today.