Health insu. for self employed

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  • TAX
    Senior Member
    • Dec 2005
    • 330

    #1

    Health insu. for self employed

    Client = S corp

    Helath insu = $7,000 on K-1

    W-2 = Box 1, 3, 5 are same. It means healh insu. is not included in Box 1
    Should I take deduction on Line 29 of 1040?.

    Same thing last year (2005). Some one took it.

    Thanks!
  • veritas
    Senior Member
    • Dec 2005
    • 3290

    #2
    My standard answer is

    File a W2c and report it properly.

    Comment

    • dsi
      Senior Member
      • Dec 2005
      • 705

      #3
      Otherwise, it will go on Sch A
      Dave, EA

      Comment

      • TAX
        Senior Member
        • Dec 2005
        • 330

        #4
        Originally posted by veritas
        File a W2c and report it properly.
        I did not prepare W-2. So I guess I will have to put on sch A as other person replied.

        Thanks!

        Comment

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