Self Employed Health Care deduction

Log in to Post

Message Board Self Employed Health Care deduction

This topic contains 0 replies, has 1 voice, and was last updated by Evonne Winegarner 6 days, 2 hours ago.

  • Author
    Posts
  • #125596
    Evonne Winegarner
    Participant

    Are COBRA premiums allowed as an above the line deduction for a self-employed client?

    If yes, client had W2 and Self-employment income in 1st quarter, so I am aware that no deduction is allowed for those months.  In 4th quarter, there has been no W2 income and no self-employment income, although he has been putting forth time, money and effort to develop SE income.  If COBRA is allowed, can it be taken in the months where there is no SE income?