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Old 12-21-2017, 01:15 AM
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Exclamation Shareholder injured on the job

Would medical expenses be deductible on the S Corp return if a shareholder were injured while working on a job for the S Corp? it's a small business, husband & wife are the only shareholders & there is no workers comp insurance.



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Old 12-22-2017, 01:49 AM
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I believe so; as you can see, the health insurance of the single officer of an "S" corp would be a deductible expense. an owner-shareholder will also be a W2 reg salaried employee ;Health insurance is deductible for any S Corp shareholder who owns more than 2% of the company and is not covered by other health insurance. While an officer of the company would be covered as an W2employee and the cost of health insurance deducted as an employee benefit, so even the deduction can be used by other owners if the company pays for the health insurance.



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Old 12-22-2017, 12:03 PM
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Thank you for the reply. My question is related to the out of pocket medical expenses. Would those be deductible?



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