Health Insurance and Umbrella

[MtnMatt]

Can I deduct the cost of monthly premiums for health insurance and cost of a personal umbrella liability policy?    Currently a single member LLC.  Thank you

[dburns1]

As a single member LLC you can take a deduction for the umbrella liability product and the health insurance would be an adjustment to income as self employed health insurance  on your Form 1040

[law_tax2017]

Does this deduction apply to 1099 workers with government marketplace insurance premiums? @dburns1

[dburns1]

Yes you can still take the self-employed health insurance deduction if you have Marketplace insurance.