topic 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? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-two-small-companies-each-made-a-very-small-profit-i-have-self-employment-insurance-expenses/01/692038#M91233 Thu, 06 Jun 2019 12:23:31 GMT sseasideservice 2019-06-06T12:23:31Z 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? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-two-small-companies-each-made-a-very-small-profit-i-have-self-employment-insurance-expenses/01/692038#M91233 Thu, 06 Jun 2019 12:23:31 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-two-small-companies-each-made-a-very-small-profit-i-have-self-employment-insurance-expenses/01/692038#M91233 sseasideservice 2019-06-06T12:23:31Z No.  You can't use the same deduction twice.  Claim the d... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-you-can-t-use-the-same-deduction-twice-claim-the-d/01/692044#M91235 <P>No. &nbsp;You can't use the same deduction twice. &nbsp;Claim the deduction on one business or split the deduction between the two businesses.</P> Thu, 06 Jun 2019 12:23:32 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-you-can-t-use-the-same-deduction-twice-claim-the-d/01/692044#M91235 RichardG 2019-06-06T12:23:32Z
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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?
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