Hello GC-FL
1. You will not be able to take a health insurance deduction if you have a net loss from business income. But you might be able to deduct premium paid if you take itemized deduction and premium paid is over the 7% AGI limit.
2. If you are not able to use full loss to offset your other income, you will have NOL (Net operating loss), that you can carry forward. Please note TurboTax do not track NOL. It has to be done separately by customer.
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