OLTPro
Get the POWER of PRO!
Support Center
>
Knowledge base
>
Article: Farm Income Expense - Insurance
Search
All these words:
Exact phrase:
Any of these words:
-- All Categories --
OLTPRO DESKTOP SOFTWARE USAGE
OLTPRO WEB SOFTWARE USAGE
GENERAL QUESTIONS
- Wages, Salaries, Tip Income
- Schedule C - Profit or Loss from Business
- Schedule E - Rental, Real Estate, and Royalty Income
- Schedule F - Farming Income
- Retirement Income
- Social Security and Disability Income
- Other Income
- Adjustments to Income
- Deductions
- Credits
-- Education Credits
- E-Filing Information
- Taxes
STATES
- South Carolina
- Utah
- Vermont
-- Virginia
-- West Virginia
-- Wisconsin
-- South Dakota
-- Rhode Island
-- Colorado
-- Pennsylvania
-- Oregon
-- Oklahoma
-- Ohio
-- North Dakota
-- North Carolina
-- New York
-- Illinois
-- New Jersey
-- Iowa
-- Nebraska
-- Montana
-- Missouri
-- Mississippi
-- Minnesota
-- Michigan
-- Massachusetts
-- Maryland
-- Maine
-- Louisiana
-- Kentucky
-- Kansas
-- Indiana
-- Idaho
-- Hawaii
-- Georgia
-- New Mexico
-- District of Columbia
-- Delaware
-- Connecticut
-- California
-- Arkansas
-- Alabama
-- Arizona
advanced search
Support center
Knowledge base
Support links
OLTPro
www.irs.gov
Tools
Share
Farm Income Expense - Insurance
Article ID: 33328
Email article
Enter your email
Question
Farm Income Expense - Insurance
Answer
Deduct premiums paid for farm and business insurance. Deduct amounts paid for employee accident and health insurance under Farm Expenses - Employee Benefit Programs. Amounts credited to a reserve for self-insurance or premiums paid for a policy that pays for your lost earnings due to sickness or disability are not deductible.
For more information see
IRS Pub. 535
.
related articles
Credit for employer Social Security and Medicare taxes paid on certain employee tips
Schedule C Expenses - Insurance (Other Than Health)
Form 2106 - Employee Business Expenses
Farm Income - 1099PATR and Agricultural Program Payments
Farm Income CCC
Farm Income - Crop Insurance Proceeds
Farm Income - Other Income
Schedule C - Statutory Employee
Farm Expense Property Details
Farm Income Expense - Feed Purchased
Article Details
Views:
1460
Created on:
Jun 15, 2013
Date updated:
Aug 07, 2015
Posted in:
GENERAL QUESTIONS
,
Schedule F - Farming Income
Poor
1
2
3
4
5
Outstanding
Live Chat Support Software