547649
I was unemployed for 9 months and did not receive any unemployment assistance. I used stock sales to finance my family and paid for my own family health insurance. Is there an advantageous way to file this to obtain a lower tax rate on my personal retirement stock sales?
You'll need to sign in or create an account to connect with an expert.
Unfortunately no. Any gain from the sale of stock is taxable income. There are no exceptions for a person in your circumstances. You may, however, take a deduction for your health insurance expenses as part of you medical deductions on Schedule A if you itemize your deductions. Deductible medical expenses are those that exceed 7.5% of your adjusted gross income in 2018.
[Edited 03.25.2019 | 3:39 pm pst]
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
y2kconfuse
Level 1
inezcavallaro
Level 2
smdunbrook
New Member
saat
Level 1
rflyzik
New Member