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My spouse and I each file schedule C's, she's making more and this will continue. Can we deduct long-term care premiums for a joint policy on her Schedule C only?

Tax law permits a spousal deduction if only one partner is filing a Sch. C.  We both file Sch. C's but would like to put long-term care premiums on only one.  Is this okay?

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CynthiaR
New Member

My spouse and I each file schedule C's, she's making more and this will continue. Can we deduct long-term care premiums for a joint policy on her Schedule C only?

 Premiums for Long Term Care Premiums can be deducted as Health Insurance against business income on one Schedule C. (edited) 

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1 Reply
CynthiaR
New Member

My spouse and I each file schedule C's, she's making more and this will continue. Can we deduct long-term care premiums for a joint policy on her Schedule C only?

 Premiums for Long Term Care Premiums can be deducted as Health Insurance against business income on one Schedule C. (edited) 

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