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Deductions & credits
I came across publication 535 - Business Expenses. It mentions the rules around expensing health insurance premiums but I could not confirm whether it matters WHEN the premiums occurred. Everything I have found so far only talks about eligibility in relation to 1.) whether your business had a profit and 2.) that you did not qualify for health insurance from your employer or spouses employer.
I meet the requirements, but what I'm not sure about, is that these health insurance premiums and service were provided during the months PRIOR to start my self employment work and therefore I'm not sure if I am able to include it as a business expense.
I'd greatly appreciate the help to confirm whether this qualifies or not (and where I can confirm it in the IRS material). Thanks!
@Opus 17 - You have been a godsend on other very odd/complex situations, any chance you are familiar with this one?