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Deduction of Health Insurance Premium for Retiree Medical Plan
I am retired but have an LLC which I do some consulting under. As a retiree, I am eligible for and obtain retiree medical insurance through my previous employer for my wife and I and pay a monthly premium for this. The health insurance plan was not set up by me for my business. Can I deduct the premiums I paid for my retiree medical premiums? Or would I only be able to deduct the premium for and insurance plan I set up through the LLC. Thank you.
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‎February 20, 2021
10:34 AM