Self-employed health insurance deduction

[Chris_4325]

The taxpayer is the only owner of an S Corp. His spouse works part time for this S Corp and receives W-2, but is not a shareholder of this S Corp. The health insurance deduction is limited to the income from S Corp subject to Social Security and Medicare Tax. The taxpayer's W-2 is $15,000 and spouse's W-2 is $5,000, and their health insurance premium is $28,000. What would be their self-employed health insurance deduction?

[IRonMaN]

The health insurance wasn't added to their W-2?

[qbteachmt]

"and their health insurance premium is $28,000. What would be their self-employed health insurance deduction?"

Not the $28,000, unless your taxpayer has other earned income sources, if this was not included on the W2.

Read the instructions for Schedule 1 Line 17, here:

https://www.irs.gov/pub/irs-pdf/i1040gi.pdf

Edit: I found a nice explanation for spousal attribution and for the W2 reporting and for earnings:

https://www.coredocuments.com/health-insurance-s-corporation-2-shareholders