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Financial Planning / Tax Strategies


Subject:  SE Health Ins Ded, 1040 line 29 Date:  1/7/2004  2:12 PM
Author:  KenAtPcs Number:  68401 of 129726

The IRS instructions for the self-employed health insurance deduction state: The insurance plan must be established under your business. I checked Pub 535, but it doesn't offer any further clarification of this sentence.

Does that mean I'm not eligible to deduct my health insurance premiums, because it is not in my business's name (which, in fact, I don't even have)?

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