Level 1

Health Insurance Premium Deduction

My husband is a > 2 percent shareholder in an S corp, and I will soon be receiving a 1099 for my work.  We are currently on my employer's plan, but will be losing that soon.  His company does have a plan, but it will be very expensive for our family.  We are looking into getting a plan in the marketplace.  Will I be able to deduct the health insurance premium since I will be self-employed?  Or, are we out of luck since his company does offer a plan?

Level 15

Deductions & credits

You are out of luck ... if you have access to a subsidized plan thru an employer you cannot take the deduction.