Health Insurance - i paid 3 months of Cobra last year, can I write this off?
If your COBRA premiums were paid out-of-pocket, they are a medical expense that you can deduct as an itemized personal deduction on Schedule A, subject to the 10% threshold on medical expenses. You can't take them as a self-employed health insurance premium payment on Line 29 of Form 1040.
Health Insurance - i paid 3 months of Cobra last year, can I write this off?
If your COBRA premiums were paid out-of-pocket, they are a medical expense that you can deduct as an itemized personal deduction on Schedule A, subject to the 10% threshold on medical expenses. You can't take them as a self-employed health insurance premium payment on Line 29 of Form 1040.
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