lyndaj0331
Level 5
04-05-2021
11:46 AM
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Taxpayer is sole member of LLC - She is taxed as Sub S Corp. Increased wages in box 1 of W2 by amount business paid for her health insurance for above-the-line deduction. However, she receives a 1095A - must report on her personal return. Premiums automatically flow to itemized deductions. They are better off taking the above-the-line deduction than including it on Schedule A. How do you handle this without overriding medical expenses on schedule A. Removing it from Schedule A lowers to point where they will take standard deduction. Should I just remove Schedule A?
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