Level 15
03-03-2024
09:15 AM
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Here is a link to form 7206 instructions. https://www.irs.gov/instructions/i7206.
The way I read it can be in name of the business or Tax payer
Your question #1 yes.
your question #2 yes.
In your scenario I would think only Tax payer can deduct his premiums, (all he pays including Medicare), but none of spouse, as she has coverage through employer.