Question
Independent contractor - Health insurance premiums paid by agency
My husband is self-employed as an insurance agent. If he meets a certain threshold for sales in a given quarter, his health insurance premiums are partially paid by the agency he works for. At the beginning of the year, he receives a document from the agency reflecting the premium amounts paid by him as well as the amount paid by the agency, under a column titled "1099 Amount." Can we deduct the amount of premiums paid by the agency when they are imputed as part of his nonemployee compensation?
