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A Guy
Lv 7
A Guy asked in Business & FinanceTaxesUnited States · 1 decade ago

How can I have an insurance plan "established under your business" if I am Self-Employed?

. . . this is a condition for line 29 of the 1040 per the instructions. Do I have to have a business with a different name, like the "Jerry Lee Lock and Smith Company" with the plan in that name?

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  • taxreff
    Lv 7
    1 decade ago
    Favorite Answer

    For purposes of the self employed health insurance deduction, the insurance policy can be under the name of the sole proprietor.

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