long term care insurance

[imjulier]

Can a self-employed person deduct their own long-term care premiums on Sch C? I know that my client's deductible limt is $3,180 based on age but can this be taken on Sch C? I can't seem to find this anywhere.

Thanks,

Julie

[Margaret CPA in OH]

Per Quickfinders, If paid by self-employed person, the premiums (subject to the age limits) are eligible for the self-employed health insurance deduction. up to 40-$320, 41-50-$600; 51-60-$1190; 61-70-$3180; 71+-$3980.

[imjulier]

Thanks Margaret- That makes sense that it is treated like health insurance....for some reason, that didn't cross my mind at all.

Julie

[TAXBILLY]

Pub 334, page 35.

taxbilly