Question
2% Shareholder Health Insurance - K1?
A 2% shareholder is reimbursing themself for their health insurance.
For this example - their compensation was $100k, including $2k of health insurance premium.
This has been correctly reported on their W2 in box 14.
On their 1020S and / or Schedule K1, do I need to break this out anywhere?
Or, do I just include the full $100k as officer's compensation, and not worry about any further breakouts.
For this example - their compensation was $100k, including $2k of health insurance premium.
This has been correctly reported on their W2 in box 14.
On their 1020S and / or Schedule K1, do I need to break this out anywhere?
Or, do I just include the full $100k as officer's compensation, and not worry about any further breakouts.
