As a sole proprietor, may I claim COBRA expenses as tax deductible business expense?

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As a sole proprietor, may I claim COBRA expenses as tax deductible business expense?

2007-04-12 05:07:35 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

2 answers

Probably not, for COBRA, since the policy would not be established under the business. See instructions for line 29 of form 1040, in the instruction booklet for form 1040.

2007-04-12 13:16:36 · answer #1 · answered by Judy 7 · 0⤊ 0⤋

cobra expenses being a medical plan? yes, self-employed can deduct the cost of their own health insurance

2007-04-12 05:12:25 · answer #2 · answered by karen h 3 · 0⤊ 0⤋