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  • djl
    Junior Member
    • Feb 2016
    • 1
    #1

    self employed

    can self employed individual with two other employees deduct health insurance premiums for themselves
    Tags: None
    • Dusty2004
      Senior Member
      • Dec 2009
      • 374
      #2
      What type of entity

      Sole Proprietor
      S corp
      C Corp

      Dusty

        Comment

        • Burke
          Senior Member
          • Jan 2008
          • 7068
          #3
          Originally posted by djl
          can self employed individual with two other employees deduct health insurance premiums for themselves
          If they are filing a Schedule C, then they can deduct the employees' part on the C. They deduct their own premiums on Sche A.

            Comment

            • TaxprepP
              Member
              • Jan 2015
              • 73
              #4
              Originally posted by Burke
              If they are filing a Schedule C, then they can deduct the employees' part on the C. They deduct their own premiums on Sche A.
              If filing sch C self-employed individuals can claim the self-employed insurance deduction. Per page 5-10 of the TaxBook

                Comment

                • Rapid Robert
                  Senior Member
                  • Oct 2015
                  • 1983
                  #5
                  Originally posted by TaxprepP
                  If filing sch C self-employed individuals can claim the self-employed insurance deduction. Per page 5-10 of the TaxBook
                  Only if not eligible to be covered under a spouse's employer plan, as I recall. They don't actually have to be covered, just eligible, to kill the SEHI deduction.
                  "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
                  "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard                  ​

                    Comment

                    • TaxprepP
                      Member
                      • Jan 2015
                      • 73
                      #6
                      Originally posted by Rapid Robert
                      Only if not eligible to be covered under a spouse's employer plan, as I recall. They don't actually have to be covered, just eligible, to kill the SEHI deduction.
                      Yep you are correct. This is also on page 5-10 of the TaxBook.

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