Enter medical insurance premiums paid to a family member of a greater-than-two-percent shareholder

Medical insurance premiums paid on behalf of the family member of a greater-than-two-percent shareholder-employee must be reported on the family member's Form W-2.
  1. Go to the family member's W2 screen in the Income folder.
  2. Enter the medical insurance premiums paid in box 14, with code
    3
    (Medical insurance premiums). Don't complete the
    Form/Sch
    column.
  3. Go to the
    Coverage
    screen in the Health Care folder.
  4. Select the corresponding W-2 unit number from the
    W2 Screen unit# under IRC Sec. 318(a)(1) family attribution rules
    menu.
    note
    UltraTax CS automatically reports the W2 box 14 medical insurance premiums on line 1 of the Self-Employed Health Insurance Deduction Worksheet.

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