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.
- Go to the family member's W2 screen in the Income folder.
- Enter the medical insurance premiums paid in box 14, with code3(Medical insurance premiums). Don't complete theForm/Schcolumn.
- Go to theCoveragescreen in the Health Care folder.
- Select the corresponding W-2 unit number from theW2 Screen unit# under IRC Sec. 318(a)(1) family attribution rulesmenu.noteUltraTax 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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Enter medical insurance premiums paid on behalf of a greater-than-two-percent shareholder
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