My Wire is a Retired School Teacher. We file married filing jointly and we are both younger than 65. I retired from a corporate job but now I commercially fish and we both collect a small retirement pension. My commercial fishing business makes a net profit and I file Schedule C
As part of my wife's retirement package we get a discounted rate on health insurance via the Barnstable Country Retirement association group policy. We purchase BCBS health insurance using her retirement benifit to cover both are health insurance needs.
Can I deduct this monthly Health Insurance cost on schedule C for the fishing business? The Turbo tax field is: Business Income and Expenses -> Health Insurance Premiums.
