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Tanda Robinson
Level 1

I am a s-corp shareholder/owner. Can the s-corp pays for my health insurance directly to the provider. How can I report it in W-2 form?

To show the health insurance premium on the W2, you have to go to the employee area in QBO and under Pay Types, Additional Pay Types (at the bottom of the page), select S-Corp Health Insurance. Add the amount of the premium (per pay period). Just be sure to map this payroll item to the correct chart of accounts in payroll settings.  

WalkerPlumbing
Level 1

I am a s-corp shareholder/owner. Can the s-corp pays for my health insurance directly to the provider. How can I report it in W-2 form?

Thank you! I found it. Would I take it out of Deductions & Contributions after adding it in the Pay type?

Tanda Robinson
Level 1

I am a s-corp shareholder/owner. Can the s-corp pays for my health insurance directly to the provider. How can I report it in W-2 form?

No, you don't. All you need to do is add the S-Corp Health Ins. pay type and amount, and then go up to payroll settings (in the gear icon), and down to Accounting, and be sure to map the S-Corp Health insurance payroll item to the same account you are making the payment from.  When the amount of the premium payment is the same as the amount going through payroll, I usually map it to an S-Corp short term liability account, and then when making the payment I post the same amount to the liability account to wash it out to zero. Alternatively, if the total payment to the insurance company is different, you can map it to the insurance expense account if that's where you post the payment. (which will reduce the expense). 

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