Thanks for the reference. After reading the bullet below, it appears that I cannot deduct the health insurance premiums since the insurance policy is in my name since the partnership did not reimburse me in 2023.
However, if the policy is in your name and you pay the premiums yourself, the partnership must reimburse you and report the premium amounts on Schedule K-1 (Form 1065) as guaranteed payments to be included in your gross income. Otherwise, the insurance plan won’t be considered to be established under your business.
I will see about the partnership reimbursing me for 2024.
