Medical Expenses

[alanmsmith250]

How do I present medical expenses when my circumstances changed during the year from self employed to retired?  Self employed for three months and retirement date was March 31

[DeanM15 · Accepted solution]

Your personal medical expenses (besides insurance) will not change because you are no longer self-employed. You should continue to record these medical expenses as Schedule A deductions.

For your health insurance, you can use the actual amount paid for the three months of premiums for the self-employed health insurance deduction and then put any balance as a Schedule A deduction. This is true whether you have regular health insurance or Medicare. 

You can read more about the self-employed health insurance deduction here. There is more information about entering medical expenses here.