As an S corp owner, can I deduct marketplace health insurance premiums that were personally paid and NOT reimbursed by the S Corp (they are not reported on my W-2)?
As an S corp owner, can I deduct marketplace health insurance premiums that were personally paid and NOT reimbursed by the S Corp (they are not reported on my W-2)?
No. Your S corporation must pay the premiums for you to get the deduction. If your purchase/pay for your policy yourself, you must have your S corporation reimburse you for the cost.
The amount of the premiums must be included in your employee wages on your Form W-2, and you must include the amount as wages on your Form 1040. The S-Corp deducts the cost as an expense.
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