- quote -

Whew! That is what I have been doing, for several years now
(taking it as an adjustment on the 1040). Just thought that
maybe I was doing it wrong. Thanks for the replies.

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- quote -

NO.

However the question only involves on where you deduct it.
schedule C? (no) or page 1 of 1040? (yes.

Cheer$,
Harlan Lunsford, EA n LA

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smithff33[at]aol.com (Herb Smith) wrote:
- quote -

Thanks. That's one of the many reasons you do returns
and I don't!

Stu

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- quote -

To paraphrase a certain president, it depends on your
definition of the word "true."

Actually on the definition of the word "deduct."

A sole proprietor cannot tax a schedule C deduction for his
own health insurance, but can take a form 1040 adjustment
for it.

This means it will not lower self employment income or self
employment tax.

If the sole proprietor employs his spouse, and provides a
family plan health policy for his spouse which happens to
cover him too, he can deduct that.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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- quote -

In the sense that it cannot be deducted as a business
expense, YES!! However, It could qualify for an adjustment
to income!!= A way around it (as a business expense)
might be that you hire your spouse as an employee, carrying
you under her coverage.

"Jack" - John H. Fisher - TaxService[at]aol.com
Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ
My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html

Where Ignorance is bliss, 'tis folly to be wise!=

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- quote -

Is this true?

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"Stuart O. Bronstein" <spamtrap[at]lexregia.com> wrote:
- quote -

You need to check more often, Stu. This provision (at
increasing percentages) has been available for several
years. This an "above the line" deduction.

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ed[at]edcosoft.com (ed) wrote:
- quote -

But if you are a sole proprietor and you work for yourself,
you can't deduct your own health insurance. At least, your
not supposed to the last time I checked.

Stu

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taxman99[at]aol.com (BigAl) wrote:

- quote -

Health care premiums paid by the employer are deductible on
Line 14 of the Schedule C form. It's in the instructions.

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taxman99[at]aol.com (BigAl) wrote:

- quote -

Yes, that is a legitimate deduction on Schedule C Part II ,
line 14. You can deduct your own helath insurance premiums
on 1040 line 29 ED

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taxman99[at]aol.com (BigAl) wrote:

- quote -

Yes, that is a legitimate deduction on Schedule C Part II ,
line 14. You can deduct your own helath insurance premiums
on 1040 line 29

ED

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It's my understanding that health insurance provided by an
employer is not included in the employees wages and
therefore no social security taxes and unemployment taxes
are due.

Assuming the employer is a sole proprietor, is the employer
allowed a deduction on Sch. C for the health insurance
premiums that he/she paid for an employee?

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