Health Insurance for business owners

[giogis245]

Can it be a business expense on their business return or must it go on personal?  if it's on personal, can it go on adjustments to income line 17 or does it have to go on Schedule A?

[Lee B]

At a minimum your questions deserve a 4 Hour CPE class

[BrewOne]

Are you talking about a sole proprietorship?  If so, health insurance can be a line 17 adjustment if certain conditions are met. There is a worksheet in the 1040 instructions (and in ATX).

Yes, Schedule A is an option.

Partners with earnings subject to self-employment tax can also be eligible.  Where people tend to get in trouble is with S-Corporations, very specific rules to follow.