Yes, LLC partners will be able to claim these amounts on their personal returns as medical expenses. As you walk through and enter your K-1's you will get to a part that asks if you paid for your own insurance, answer Yes. Then you will be able to enter your LTC premiums as well as other medical insurance if you paid that yourself as well. It will show up as self-employed health insurance deduction.
Just remember, the Self-Employed Health Insurance deduction is limited to your earnings. Meaning, you cannot deduct more than you earned.
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