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June 4, 2019
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Can I claim the fees paid for Workmens Comp Insurance as a business expense and if so where on the Schedule C?

  • June 4, 2019
  • 1 reply
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I paid for Workmens Comp Insurance and would like to deduct these payments as a business expense. If these are deductible where do I report them on the Schedule C or in the TurboTax categories for business expenses?

    Best answer by Marketstar

    Enter your Workman's Comp Insurance payments in the Insurance Payments category in TurboTax Self Employed.

    Type in schedule c in the search box, top right of your screen

    Click on the first category Jump to schedule c link

    Follow the prompts and online instructions

    Arrive at the Your Business page

    Scroll down to the Business Expense category

    Click start or update next to Other Common Business Expenses category

    Arrive at the Let's write off some business expenses page

    Scroll down to the Insurance Payments category to make your entry.


    1 reply

    Employee
    June 4, 2019

    Enter your Workman's Comp Insurance payments in the Insurance Payments category in TurboTax Self Employed.

    Type in schedule c in the search box, top right of your screen

    Click on the first category Jump to schedule c link

    Follow the prompts and online instructions

    Arrive at the Your Business page

    Scroll down to the Business Expense category

    Click start or update next to Other Common Business Expenses category

    Arrive at the Let's write off some business expenses page

    Scroll down to the Insurance Payments category to make your entry.


    tomdeauxAuthor
    June 4, 2019
    Excellent answer, truly appreciated.