Taxpayer reports health insurance benefits on their W-2 due to the fact that parent owns greater than 2% of s-corporation - Taxpayer is an adult- Does taxpayer get an above the line health insurance deduction?
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Yes, and attributed S-corp is still and S-corp owner and qualifies for SEHI.
Yes, and attributed S-corp is still and S-corp owner and qualifies for SEHI.
I'd say yes because §162(l)(5) refers to §1372 which, in turn, refers to §318 for attribution.
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