Article Date:
August 2006

Word Count:



Health Insurance on Form 1040, Not Schedule C

In Chief Counsel Advice 200623001, the IRS clarifies it position that the sole proprietor deducts his or her health insurance costs on the front of IRS Form 1040 (line 29 on the 2005 Form 1040). It does not matter whether the insurance is purchased in the name of the proprietorship or of the individual. Further, the deduction includes insurance for the proprietor, spouse, and dependents.


That’s what the law says, so we don’t see any confusion here. But the Form 1040 ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
with a money-back guarantee