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Schedule C Expenses - Insurance (Other Than Health)

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Question
Schedule C Expenses - Insurance (Other Than Health)

Answer

Deduct premiums paid for business insurance on line 15. Deduct on line 14 amounts paid for employee accident and health insurance. Do not deduct 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.

For details, see chapter 6 of Pub. 535.


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Views: 350 Created on: Jun 15, 2013
Date updated: Aug 28, 2015

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