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TomCopeland 08:53 AM 01-02-2020
Originally Posted by tenderhearts:
I was temporarily closed from August -Dec., do I still claim all the premiums for the whole year or only for the months I was open Jan -July?
You cannot deduct health insurance premiums for yourself as a business expense unless you have set up an HRA (health reimbursement account). If you do have an HRA you can deduct these premiums even if you are closed for those months.
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