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Your topic's Title seems to be one question:
"If you are a W-2 wage earner and have a Sch C Business can you deduct SE Health Ins premiums"
Yes; that's exactly what happens for an S Corp greater than 2% shareholder-employee.
Read about it here: https://www.irs.gov/publications/p535#en_US_2020_publink1000208843
"on Line 10a of the Form 1040 derived from Sch 1 Line 16?"
It carries over as deductible, up to the net income from the related business; the rest would carry over as part of itemized.
The Body of this topic seems to be a different issue entirely:
"it may be more beneficial to claim those premiums as an SE health insurance deduction instead of an itemized deduction."
Medicare coverage is treated the same, as would be marketplace coverage..
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Is the taxpayer eligible for health insurance through their employer? If so, no, they would not qualify (assuming the employer insurance is "subsidized").
Otherwise, yes.
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Or, if they are covered by an employer plan, even if they pay their own premium, that isn't "established" by their own name or their own Sched C business, so in that case, it doesn't qualify.
I just replied to a topic where I used the word "Matrix" and this topic is another example of "a matrix of conditions to consider in combination" because there is no One Right Answer.
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