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alanmsmith250
Level 1

Medical Expenses

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

1 Best answer

Accepted Solutions
DeanM15
Expert Alumni

Medical Expenses

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.

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1 Reply
DeanM15
Expert Alumni

Medical Expenses

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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