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I traded over $1M in stock options last year and made over $200k. Does this qualify as self employed income (over 2,000 trades)?

I'd like to write off the increased medicare premiums as a result of my increased income from trading options.
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3 Replies

I traded over $1M in stock options last year and made over $200k. Does this qualify as self employed income (over 2,000 trades)?

Read up on the rules here :  https://www.irs.gov/taxtopics/tc429

I traded over $1M in stock options last year and made over $200k. Does this qualify as self employed income (over 2,000 trades)?

a higher Part B or Part D premium (IRMAA) is not a business expense.

you probably won't be able to deduct it on schedule A either even if you itemize because your AGI is too high

Congratulations on profitable option trading strategy.

I traded over $1M in stock options last year and made over $200k. Does this qualify as self employed income (over 2,000 trades)?

He may be referring to the self employed health insurance adjustment on the1040   not a Sch C expense. 

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