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Level 1
June 5, 2019
Question

Musical instrument insurance

  • June 5, 2019
  • 1 reply
  • 9 views
I teach music lessons. Is the insurance I pay on my instrument deductible? If so, where do I enter it?

1 reply

June 5, 2019

If you file Schedule C to report your music lesson income and related expenses, you can deduct the insurance premium as "insurance expense."