Question: Luis operates a bakery as a sole proprietorship. He has four bakers whom he employs on a full-time basis and who participate in a company-paid
Luis operates a bakery as a sole proprietorship. He has four bakers whom he employs on a full-time basis and who participate in a company-paid health insurance plan. Luis is also covered by this same plan. The annual premiums are $2,300 per person. The business paid $11,500 for health insurance premiums for 2013. Are these insurance premiums deductible? If they are, where should Luis deduct them on his tax return?
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