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Can I claim both a business deduction and a personal deduction for health insurance premiums when I am self-employed?
I was self-employed in 2016. My profit from the business was $4,000. The costs for health insurance premiums for me and my spouse were $7,000. Can I claim $4,000 as a self-employed business deduction AND can I claim the remainder $3,000 as a personal deduction by itemizing deductions?
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May 31, 2019
7:23 PM