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I have an LLC. can i pay my health insurance from this account?
as well as Cell phone??
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Health insurance "premiums" are tax deductible if you have a net profit on a schedule C.
Your personal health insurance cannot be written off directly on your schedule C.
You are also eligible for a deduction if you are a general partner, a limited partner who receives guaranteed payments, or a shareholder who owns more than 2% with wages from the S corp that are reported on the W-2.
Here is a TurboTax article about self-employed health insurance premiums:
You can also write off the business portion of your cell phone expense.
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