Health Insurance discount for LOW self employment income

[Contented]

With Covid my entertainment business showed a profit of only $700 this year.  My health insurance premiums were over $13,000 for the year.  Will I still be able to count them as a deduction and will it only be partial?

[Vanessa A · Accepted solution]

You would only be able to take the $700 deduction as part of the requirement for this deduction is that you have a profit.  

If your insurance was through the marketplace, you could still qualify for the Premium Tax Credit.