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W-2 and S Corp HI

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    W-2 and S Corp HI

    Would this be a true statement?

    The amount of health insurance for single shareholder is added to the W-2 in Box 1 and Box 15, but not Box 3 or 5.

    The insurance is not subject to withholding and so the W-2 adjustment can be a year-end adjustment.

    Line 1 of the 941 includes the insurance paid, but line 5a/5c does not.

    Line 1 of the 940 includes the insurance, it is then included on line 2 as exempt wages.
    JG

    #2
    That's how I see it. The t/p then takes the deduction on their 1040.
    In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
    Alexis de Tocqueville

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      #3
      Thanks

      Thank you for the confirmation.

      JG
      JG

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