Health Insurance on Schedule E

[Dan R.]

My accountant has taken the position that health insurance premiums for full-time, self-employed real estate investors are not deductible on Schedule E since real estate is not technically considered a business by the IRS. This seems contrary to what I have heard other investors discuss. Does anyone have any insight on this?

[Account Closed]

Originally posted by @Dan R.:

Thank you Marie. 1040 Line 29 seems like the right location. I don't have Sch C income, only Sch E. Do you know if your Sch C income is what allows the Line 29 deduction, or if Sch E would allow the same?

Thank you again.

I don't know.  My understanding is that Schedule E doesn't reflect self-employment income, so I'm in agreement with your accountant that Sch. E doesn't mean you have a real estate business.

@Steven Hamilton II Let's summon Steven to see if can chime in.