Eddie is a 10% owner of an 5 corporation that manufactures digital components. He is also an employee of the corporation. The S corporation pays his health insurance. For tax purposes, how will this be treated by the S corporation and by Eddie? The S corporation will: Deduct Eddie's wages as either wages or officer compensation and they will deduct the amount of the health insurance expense on line 18, Employee benefit programs. Eddie will receive Form W-2 with his wages reported. Deduct Eddie's wages as either wages or officer compensation and they will deduct the health insurance expense on line 18 , Employee benefit programs. Eddie will receive Form W-2 with his wages reported and will take an adjustment on Schedule 1 (Form 1040) for self-employed health insurance. Deduct Eddie's wages as elther wages or officer compensation and deduct the health insurance expense on line 18, Employee benefit programs. Eddie will receive Form W-2 with his wages and the amount paid for his health insurance reported on it. He will also take an adjustment on Schedule 1 (Form 1040) for self-employed health insurance. Include in Eddie's wages the amount it paid for health insurance and deduct the total expense as either wages or officer compensation. Eddie will receive Form W-2 with his wages reported and will take an adjustment on Schedule 1 (Form 1040 ) for selfmployed health insurance. Mark for follow Up