Partnerships:
Business Deductibility of Partnership-Paid Premiums
For employees (including spouses, dependents, and retirees), a partnership may duduct any premium contributions for LTC insurance using the same rules as outlined for corporations.
LTC insurance premium contributions for partners, their spouses and dependents are considered income. The amount of premium contributions attributabe to each partner will be included in that partner's income and reported by the partnership on each partner's K-1. Partners, their spouses and dependents can apply the same guidelines for deductions as Self-Employed individuals.