73618
I was self-employed for half of 2016. After that, my status changed to retired. I paid for health insurance the entire year. For my self-employed health insurance deduction, do I enter half of my cost for the year (the portion of time I was self-employed)?
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Enter your health insurance payments as you normally do. The benefit of deducting it on the 1040 rather than Schedule A, Itemized Deductions. Her is a link to the IRS with details about who can deduct.
https://www.irs.gov/uac/newsroom/dont-miss-the-health-insurance-deduction-if-youre-self-employed
Follow these steps to enter:
Enter your health insurance payments as you normally do. The benefit of deducting it on the 1040 rather than Schedule A, Itemized Deductions. Her is a link to the IRS with details about who can deduct.
https://www.irs.gov/uac/newsroom/dont-miss-the-health-insurance-deduction-if-youre-self-employed
Follow these steps to enter:
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