Self Employed Health Insurance

[Taxgirl]

I have a client that is 50% partner in a real estate LLC. My client's share of the LLC profit was approximately $10,000. She and her husband's health insurance premiums were approximately $12,000, which they paid out of pocket. Can I deduct the entire $12,000 on 1040 line 29 or is it only to the extent of their LLC profits?

Thanks for your help!

[RitaB]

The profits would have to be subject to SE tax (not passive income of limited partner).

Here is a good article, forgive me, I know it's not "THE CODE" but I think this will help.

http://taxes.about.com/od/deductionscredits/qt/healthinsurance.htm