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Topic: The only type of insurance that is deduct (

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FARB-FinAudRegB
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Joined: 25 Apr 2009
Location: United States
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Posts: 275

Posted: 07 Jul 2009 at 22:19 \| IP Logged

The only type of insurance that is deductible is health/medical insurance, is it not? All other types of insurances are not deductible... eh?

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bryris
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Joined: 07 Dec 2008
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Posted: 07 Jul 2009 at 23:02 \| IP Logged

I believe that individually, this is correct. I cannot think of another.

Other types can be deducted for business purposes on schedules C, E, Corps, etc as a cost of earning income.

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