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Return to Website  > Index  > General Tax Issues  > Original MDTAXES Forum  > COBRA and self-employed health insurance
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Kay Matthews
Feb 18, 2004 - 2:57PM
COBRA and self-employed health insurance

I am currently self-employed but getting health insurance coverage under COBRA. Can I deduct these expenses?

Zip Code: meetespressogirl@yahoo.com

a
Andrew Schwartz CPA
Mar 3, 2004 - 6:11AM
Re: COBRA and self-employed health insurance

I would say that the premiums you pay would be 100% deductible as an adjustment to income on line 29 of the Form 1040. The rules state that you wouldn't be entitled to a deduction for any month that you are eligible to participate in a subsidized health plan maintained by your employer.

Zip Code: cpa@mdtaxes.com

j
Justin Tandoori
Apr 14, 2004 - 6:50PM
Re: Re: COBRA and self-employed health insurance

This is what I thought, but reading Publication 535, section 7, it says: "The insurance plan must be established under your business."

Do you think a COBRA plan from a former employer falls within that definition?

Zip Code: justin_ut404@yahoo.com

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