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Deductions & credits
No. The amount you couldn't deduct against your self employment income goes to Schedule A as a personal itemized deduction. If you don't have enough Schedule A to deduct then it is lost. Are you filling out Schedule Cs for each of you? Or filing a separate LLC partnership return? If your business had a loss then how could you deduct any of the insurance?
‎January 5, 2024
1:36 PM