If i'm self employed as a real estate agent, I paid for cobra as my healthcare from most of 2018-- does that count toward the 7.5% of AGI medical expenses?

[Cindy0H]

Yes, that can count if it was not subsidized. But being self-employed, you can take your insurance for you and your family as an adjustment which is much better tax-wise. Here's how:

• Business Income & Expenses
• Update your Business
• Edit your business
• Other Common Business Expenses
• Insurance Payments

You can deduct up to 100% of health insurance premiums for you, your spouse, and dependents if you have a net profit from your business.

If you have more questions about this, ask in the comment box below.