63668
Does the business need to write the check or reimburse the personal account so it shows up as a business expense?
You'll need to sign in or create an account to connect with an expert.
It's one of those "it depends" situations.
The IRS's rules that allow COBRA to be deductible are set forth here:
https://www.irs.gov/uac/newsroom/dont-miss-the-health-insurance-deduction-if-youre-self-employed
The crucial factor here - something you didn't address in your question - is whether the policy is in your wife's or the business' name.
Tom Young
It's one of those "it depends" situations.
The IRS's rules that allow COBRA to be deductible are set forth here:
https://www.irs.gov/uac/newsroom/dont-miss-the-health-insurance-deduction-if-youre-self-employed
The crucial factor here - something you didn't address in your question - is whether the policy is in your wife's or the business' name.
Tom Young
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
20-Seferaj-d
New Member
aj-sanchez111
New Member
tensamugetsu3000
New Member
mrca-
Level 1
Cincolo
Level 3