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system
are cobra premiums deductible when self-employed?
user
i am very late to this forum and post - but will just respond that i am a sole proprietor, who was just audited by the irs for 2009, and this is one of the items that they disallowed.  my husband lost his job in 2008, i was unable to get health insurance on my own due to pre-existing ( not) conditions and so we had to stay on the cobra system.  none of the cost was funded by the employer and so i took it as a se hi deduction on line 29.  it was disallowed and unfortunately, due to agi limits, i get nothing by taking it on sch. a.  the auditor made it very clear that if the plan was not in my name, or the company's name, i could not take the deduction above the line.  in his words, "it's not fair, but it is the law!"
assistant