I have two small companies, each made a very small profit. I have self employment insurance expenses. Can I deduct the cost of the insurance premiums from both companies?

sseasideservice · ‎June 6, 2019

RichardG · ‎June 6, 2019

No. You can't use the same deduction twice. Claim the deduction on one business or split the deduction between the two businesses.

Deductions & credits