Thanks for your reply.
The business does have enough net profit to cover the Medicare deduction.
My spouse who is the sole proprietor of the business was covered by her employer health plan from January to August after which she went on Medicare part A, B, D. However, her employer health care plan did not cover me because I was on Medicare and the company does not cover spouses that are on Medicare.
We file joint federal and state. Also, the Medicare deduction would not exceed the 7.5% threshold for schedule A.
My spouse's Sole proprietorship LLC was setup in June 2021.
Therefore, can I deduct my Medicare premiums for the entire year as a business expense on her LLC?
