Self Employed Health Insurance Deduction

[findtheanswer]

In order to claim the self employed health insurance deduction for a more than 2% shareholder of an S Corp does the insurance plan have to be established through the business?

[Bees Knees]

TTB page 5-10:

A 2% shareholder in an S corporation may qualify for the selfemployed
health insurance deduction if his or her premium
was paid directly by the S corporation, or if he or she made
the premium payments and furnished proof of payment to the
S corporation for reimbursement in the current tax year (Notice
2008-1). The health insurance can be purchased in the name of
the 2% shareholder and not in the name of the corporation if the
following are true:

• The payments are made or reimbursed by the S corporation in
the current tax year,
• The payments are included in the W-2 gross income for the 2%
shareholder-employee in the current year, and
• The 2% shareholder-employee reports the payments or reimbursement
as gross income on his or her personal tax return.

[ChEAr$]

Also

don't forget the requirement for sufficient salary for the sole shareholder to allow the
deduction.

[Davc]

don't forget the requirement for sufficient salary for the sole shareholder to allow the
deduction.

Doesn't the required inclusion of the payments on the W-2 make that a given?

[ChEAr$]

DArn!

Doesn't the required inclusion of the payments on the W-2 make that a given?

You got me there, Dave.