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Does LTC Insurance Count ?

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    Does LTC Insurance Count ?

    Do Long Term Care Insurance premiums count as SE medical insurance (along with med-sup, part B & D premiums) for a schedule "C" filer?

    #2
    Yes, up to the allowed premium per age range. https://apps.irs.gov/app/vita/content/00/00_25_005.jsp

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      #3
      My software (UltraTax) has input fields right on the first Schedule C input screen for both health insurance premiums and LTC premiums, and further for the LTC premiums it has input codes for each of the age ranges, for both taxpayer and spouse. Any amounts unused for SEHI deduction flow automatically to Schedule A. The only thing missing is Medicare parts B and D, those are linked to Schedule C via the SSA-1099 input screen.
      "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard

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