disability ins. on sch C

[ljwalters]

Client pays disability insurance privately because self employed. Does that go on the Sch C under insurance.

also is dental and vision insurance deductible on 1040

thanks for your reply

[NECPA in NEBRASKA]

The dental and vision can be self employed health insurance. Disability insurance premiums are not tax deductible as a medical expense.

[RitaB]

12 hours ago, ljwalters said:

Client pays disability insurance privately because self employed. Does that go on the Sch C under insurance.

I looked into this last week sometime and came to the conclusion that if the premiums are deducted by the taxpayer, any benefits paid would be taxable.  If premiums are not deducted, benefits are tax free.  I think it's in IRC section 104.  I remember telling clients in the past that you can't deduct owner disability premiums on Sch C.  It may not be so much that you can't, but that it would be a bad decision to do so.

[ljwalters]

thank you