Solved: I want to deduct my IRMMA Medicare extra costs but there is not enough profit in any one business. Can I divide my Medicare payments among two businesses?

I want to deduct my IRMMA Medicare extra costs but there is not enough profit in any one business. Can I divide my Medicare payments among two businesses?

posted

Yes, if you have separate businesses (Schedule C) you can deduct your health insurance premiums among the businesses- just be sure that the TOTAL entered is the same as the amount you paid.

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Yes, if you have separate businesses (Schedule C) you can deduct your health insurance premiums among the businesses- just be sure that the TOTAL entered is the same as the amount you paid.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"