2.04.3 Insurance Expenses (2)

Question 問題
John owned a small advertising company, the operations of which he included on Schedule C of his current-year individual income tax return. What type of insurance may John NOT deduct on his current-year return?

A. Fire, theft, and flood insurance.

B. Employer's liability insurance.

C. Loss of earnings due to sickness or disability.

D. Overhead insurance, which pays John's overhead expenses in the event of his long period of disability caused by his sickness or injury.

The correct answer is 正解は、[C. Loss of earnings due to sickness or disability.]
自営業者自身の病気等による所得補償保険（loss of earnings insurance）は事業経費として控除できません。
事業間接費保険（overhead insurance：経営者が就業不能となっている期間の間接費（従業員の給与、賃借料等）を補償する保険）は事業経費として控除可能。