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sheryldunton
March 16, 2025
Question

K1 and entering insurance premiums

  • March 16, 2025
  • 1 reply
  • 0 views

I am a LLC partner. I received a k1 and in box 13 it shows that I was reimbursed for my medical premiums.  Do I enter my premiums on schedule A first (we get standard deduction)  and when asked on k1 if i paid for my medical premiums enter it there also?  LLC did not reimburse me for dental or vision premiums.  Thank you.

    1 reply

    R
    RobertB4444
    March 18, 2025

    Yes, go ahead and enter the premiums into schedule A and then enter the K1.  Answer the questions there as well.

     

    @sheryldunton 

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    S
    sherylduntonAuthor
    March 18, 2025

    Do I put all my premiums on the schedule A including medical, dental, vision?  When I go to the k1 do I enter all the premiums I paid when asked did I pay for premiums or just the dental and vision?  I know to enter 13 m that includes my medical reimbursement only (I was reimbursed by the LLC).  Confused.  Thank you so much.

    PatriciaV
    PatriciaV
    Employee
    March 18, 2025

    Enter all medical insurance paid for Schedule A. Enter only the portion that was reimbursed during the Schedule K-1 interview.

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