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After you file
Were you 'open and available' for work, trying to get work?
No, you can not use the Self Employed Health Insurance deduction if your business did not have a profit. It would be a Medical Expense on Schedule A, but that is limited to the amount OVER 10% of your total income, and is further reduced or eliminated if you don't otherwise Itemize your deductions on Schedule A.
No, you can not use the Self Employed Health Insurance deduction if your business did not have a profit. It would be a Medical Expense on Schedule A, but that is limited to the amount OVER 10% of your total income, and is further reduced or eliminated if you don't otherwise Itemize your deductions on Schedule A.
May 31, 2019
6:05 PM