I have been self employed for 3 years. In the past have been able to use the self employed health insurance premium deduction and still have a positive income. I will likely operate at a loss this year because of higher business expenses even before I factor in the health insurance premium.
Question 1: Will I be able to (or should I) take the self employed health insurance premium deduction and have an even larger loss?
Question 2: If I do have any loss this year, am I able to carry over that loss into the next year to offset positive income?
Thank you.
