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Deductions & credits
As Mike9241 posted, an S-Corp shareholder does not qualify for the Sel-Employed Health Insurance deduction. The S-Corp is entitled to the expense deduction by paying the premiums or reimbursing you for the premiums. This decreases the income from the S-Corp distributed and is how you get the benefit of the deduction.
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‎April 1, 2023
11:25 AM