Life Insurance

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  • Unregistered
    #1

    Life Insurance

    I Have A Sole-prop Business, Is Life Insurance Deductible
    On Sch C??

    How About Disability Insurance??

    Thanks
    Tags: None
    • lsmith
      Member
      • Jul 2005
      • 43
      #2
      Schedule C deductions

      Neither of these are deductible on schedule C. Life insurance is not deductible. The other insurance you questioned is deductible on schedule A subject to limitations.

        Comment

        • JG EA
          Senior Member
          • Jul 2005
          • 2176
          #3
          Disability Insurance

          Personal disability insurance premiums are not deductible though.
          JG

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