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Self-Employed Health Insurance Deduction
Approaching retirement I am still earning about 10K as a corporate trainer. This income is reported as self employed business income from a 1099-NEC . When I record approx. 5K of business expenses against the income for Self-Employed Health Insurance Premiums it has zero effect on the net income. If I test any other field on the business expenses (Legal fees, Business insurance, etc.), it works as expected decreasing the net income. It feels like a bug since I have more than enough income to offset the expense. Why does this field not work as expected?
‎February 25, 2024
2:03 PM