Is Disability Insurance Deductible For Self Employed?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaWhen you’re self-employed or a managing member of an LLC, you’ll need a paper trail of documentation for any legitimate benefits you want to expense. In this case, you’ll draft a disability document or your attorney, spelling out the benefit arrangement. Keep in mind that if you do deduct the disability premium, the benefits will be taxable as ordinary income.Answered on July 3, 2013+01+1 this answer
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