Hi. My wife and I are self employed and have an LLC. 2023 was a bad year, so my net business income was below zero, so I couldn't deduct all of our health insurance premiums. My question is, can I carry this over to 2024 and deduct the 2023 un-deducted premiums? For example, I paid $10,000, but could only deduct $6,000. Can I deduct the $4,000 next year?
Thanks.
