Open topic with navigation

CCH Axcess Tax

Self-Employed Health Insurance Premium

All qualifying period premiums should be entered, including any amounts reported on IRS 1095-A..

Wages received from an S Corporation in which the taxpayer was a more than 2% shareholder should be entered in the "Wages Received" field in the "Additional K-1 Information" section of this form. This amount is used to calculate the deductible portion of self-employed health insurance premiums only. It is NOT used as self-employment income or earned income.

The calculated deduction is limited to the wage income. The allowable portion carries to Form 1040 and the remainder to Schedule A.

This deduction is subject to the basis limitation and, when the activity is not all at risk, the at risk rules, unless an entry is made in the At-Risk Limitations (Form 6198) section, Exclude SE Health Insurance from At-Risk Calculations field.

Make this entry once per passthrough entity. Do NOT enter on an activity-by-activity basis.

If an amount is not entered, and input on the IRS 1095-A is associated with the activity, then the amount of the premium from the IRS 1095-A is used in the above calculation.