Health Insurance and rules of attribution

[Bird1]

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?

[TaxMonkey · Accepted solution]

Yes, and attributed S-corp is still and S-corp owner and qualifies for SEHI.

[itonewbie]

I'd say yes because §162(l)(5) refers to §1372 which, in turn, refers to §318 for attribution.

[Bird1]

my thoughts were that if he owned the stock by attribution-he owns the stock when he takes HE deductions Taxpayer is 35

[itonewbie]

Sorry seems like our messages have crossed.  I edited my original response because I seemed to have misread your question.