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Level 6
September 16, 2021
Question

Scorp health insurance not in owners name

  • September 16, 2021
  • 3 replies
  • 16 views

Husband is the s corp owner and scorp pays the insurance out of his check but the insurance is thru the marketplace under the wife as primary holder for the family policy. Is he still entitled to above the line deduction or does this have to be a schedule A deduction. If it has to go on A can his portion go above the line. His wife works for the company. Have talked to them about getting this changed to his name but they have not followed thru with that.

 

thx

Michele

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3 replies

George4Tacks
Level 15
September 16, 2021
micheleAuthor
Level 6
September 17, 2021

Yes it is

qbteachmt
Level 15
September 16, 2021

Is that premium added to his W2?

Don't yell at us; we're volunteers
Level 15
September 17, 2021

It could be a gray area, but I would take it.

 

CAGMC