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Can you take both the Self Employed Health Care Insurance deduction and take medical and dental expenses deduction if itemizing deductions?

 
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Can you take both the Self Employed Health Care Insurance deduction and take medical and dental expenses deduction if itemizing deductions?

Yes you can.  The insurance premiums paid for the business would be entered as an adjustment to income on Form 1040 Line 29.  Any out of pocket medical expenses paid would be entered on Form 1040 Schedule A as an itemized deduction.  However, you cannot enter the health insurance premiums already reported as an adjustment to income as an itemized deduction on Schedule A.

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Can you take both the Self Employed Health Care Insurance deduction and take medical and dental expenses deduction if itemizing deductions?

Yes you can.  The insurance premiums paid for the business would be entered as an adjustment to income on Form 1040 Line 29.  Any out of pocket medical expenses paid would be entered on Form 1040 Schedule A as an itemized deduction.  However, you cannot enter the health insurance premiums already reported as an adjustment to income as an itemized deduction on Schedule A.

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