allyejean
Returning Member

Business & farm

I would like to know if the amount of workers compensation insurance that I paid for myself in 2019 as an elective coverage member of a single owner LTD company is a deductible expense on my Schedule C and also if it could be considered self-employment insurance.  I have one employee that I do deduct as Workers Comp Insurance, but I wasn't sure if I could deduct the amount I pay for myself.  Thanks!