In my s corp business tax return, in the Medical Insurance Premiums section for deductions, it states the following:
"An S corporation can deduct the cost of medical insurance premiums paid for a shareholder-employee who owns more than 2% of the corporation's stock. The corporation must include the premium on the shareholder's W-2. That shareholder may deduct the premium amount as a self-employed health insurance deduction on Form 1040, line 29. Note: The medical insurance deduction may not exceed the shareholder-employee's wages from the S corporation."
If the medical insurance plan was bought through healthcare.gov and a portion is subsidized, does this change the rule as stated above? Can this expense still be deducted by the S corp?
