Text size Share Print

Submitted By: someone
Answered: August 28, 2017 10:56 pm

I’m a sole proprietor and opted in to workers’ compensation. Can I deduct my premiums on Schedule C?

Workers’ compensation premiums are deductible by a self-employed individual. There is no dollar limit or other restriction on this write-off.

Ask JK

Advanced

Is income averaging still available? 25k views
Where do I report income from my corporation on Form 1040? 12.4k views
I paid a convenience fee when I charged my property taxes. Can I deduct this fee? 7.6k views
I sold some municipal bonds at a loss. Can I deduct the loss? 7.2k views

advertisement

Featured Books

JK Lasser's New Rules for Estate, Retirement, and Tax Planning, 6th Edition

Stewart H. Welch, III, J. Winston Busby

$27.95

buy now

Learn more

View all books Next Book

Tax Glossary

Real estate professional

An individual who, because of his or her real estate activity, qualifies to deduct rental losses from nonpassive income.

More terms Next Term