qbteachmt
Level 15
03-07-2022
03:44 PM
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"is a family member of a more than 2% shareholder in an S Corp"
Okay, so indirect ownership attribution. We would still need more info, such as:
"The above-the-line deduction is not available if the 2% shareholder or spouse is eligible to participate in any subsidized health care plan."
You want to read Form 1040 instructions for Schedule 1 Line 17:
https://www.irs.gov/pub/irs-pdf/i1040gi.pdf
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