I have a very unique situation and have not been able to find a clear answer to it.
I am a s-corp owner >2%. I am considering canceling my own individual health insurance plan and get coverage through my domestic partner's work plan (better coverage). Because we are not married this will increase his income by the fair market value of the premium the company contributes and he will have to pay income/payroll taxes on the imputed income. Currently, I am able to take the self employed health insurance premium deduction on my taxes for the plan I currently pay for. If I change, I will be reimbursing my partner for the additional premium they will deduct from his paycheck along with the additional income/payroll taxes he will have to pay on the imputed income he will incur for my coverage. Can I deduct the cost of the premium and taxes I reimburse him for? Because the company he works for nor he will get any tax benefit from this, I would think I can still take the deduction as it is the cost to secure health insurance as a self employed person. Thanks for any insight you can share.
