A taxpayer operating a sole proprietorship and filing on a Schedule C pays $65,000 in health insurance premiums for himself and his employees. $15,000 of that amount is for premiums paid to cover himself and his family. What amount of these premiums are deductible and where can they be deducted?

Answer rating: 100% (QA)

Deductible Amount and Location The deductible portion of the health insurance pr... View the full answer