I'm starting my own, solo LLC. To be able to deduct my health insurance, should the LLC pay the premiums or can I pay with personal $?

LeRoy50 · ‎June 1, 2019

Vanessa · ‎June 1, 2019

If you are a solo LLC, unless you specifically elect to be treated as a Corporation, you will be treated as a sole proprietorship filing a schedule C for tax purposes. So, whether the LLC pays or you pay the premiums they will be reported the same and have the same effect on your taxes.

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Vanessa · ‎June 1, 2019

If you are a solo LLC, unless you specifically elect to be treated as a Corporation, you will be treated as a sole proprietorship filing a schedule C for tax purposes. So, whether the LLC pays or you pay the premiums they will be reported the same and have the same effect on your taxes.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I'm starting my own, solo LLC. To be able to deduct my health insurance, should the LLC pay the premiums or can I pay with personal $?