Vanessa A
Expert Alumni

Get your taxes done using TurboTax

Is your profit $17,796 on Schedule 1? The Self-Employed Health Insurance deduction is limited to your earnings.  Meaning, you cannot deduct more than you earned.   It cannot create a loss on your return, so if your earnings were $17,796, then this would be the maximum deduction you would be able to take. 

 

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