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teehiett
New Member

Can I claim health insurance premiums as small business expense my business expense even though they were listed on 1099 R?

For several years now I have been retired and operating a small business..  I have retirement income and healthcare plan from which my healthcare premiums are deducted.  Can I include these premiums as business expenses?

thanks

1 Reply
Critter
Level 15

Can I claim health insurance premiums as small business expense my business expense even though they were listed on 1099 R?

Yes they can if the policy is in your name and the payments are made with after tax dollars ...

https://www.irs.gov/publications/p535/ch06.html#en_US_2016_publink1000208843

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