michele
Level 7
09-16-2021
12:31 PM
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Husband is the s corp owner and scorp pays the insurance out of his check but the insurance is thru the marketplace under the wife as primary holder for the family policy. Is he still entitled to above the line deduction or does this have to be a schedule A deduction. If it has to go on A can his portion go above the line. His wife works for the company. Have talked to them about getting this changed to his name but they have not followed thru with that.
thx
Michele
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George4Tacks
Level 15
09-16-2021
12:45 PM
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https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical...
Answers are easy. Questions are hard!
Answers are easy. Questions are hard!
qbteachmt
Level 15
09-16-2021
02:03 PM
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Is that premium added to his W2?
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michele
Level 7
09-16-2021
09:15 PM
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Yes it is
TaxGuyBill
Level 15
09-16-2021
09:25 PM
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It could be a gray area, but I would take it.
CAGMC