The LLC is comprised of only me (the owner, president, etc.). I was paying COBRA for me and my two children.
--------------------
If you're paying cobra for your family then I'll have to assume it was from a previous regular job - not the LLC. That would make it personal so it goes on Schedule A as a medical expense subject to the 7.5% floor. And even if it was from your single member LLC it would end up being an adjustment to income on your 1040, not an expense on the schedule C.
Source
No comments:
Post a Comment