Self Employed health insurance
Can the full amount of Medicare premiums be deducted as self employment health insurance on the Schedule C if the profit is only slightly more than the premiums?
Can the full amount of Medicare premiums be deducted as self employment health insurance on the Schedule C if the profit is only slightly more than the premiums?
self employed health insurance never decreases the income on schedule C...you enter it on Schedule C in the box for self employed and then it flows as a deduction on the form 1040. The deduction is limited to net income of the business.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.