S-CORP SH HEALTH INSURANCE

[DEO]

Single SH of S-Corp often complained in the past of the high insurance premiums he had to pay decided in 2015 that he will test the market to buy his health insurance with his own funds.

Used only his salary to buy Insurance. Did not include spouse income neither his profit from S-Corp. The 1095-A he received shows approx. $10,000.00 in subsidy of which he now has to repay every single dime.

In past years, his premiums were included as wages and shown as a deduction on page 1 self-employed health insurance.

My question is can he deduct as self-employed the premiums he has paid plus the repayment of the subsidy  on page 1.  By going this route his liability will be considerably reduced.

Thanks for any help at this time.

Deo

[grmy2h]

He can deduct it on sch A if not included on W2. No SEHI unless included on W2.