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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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March 26, 2024
5:06 PM