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Curtis has no self-employment income from his partnership, only interest income of $5,000. He paid $2,000 health insurance premiums for himself and his teenage son
Curtis has no self-employment income from his partnership, only interest income of $5,000. He paid $2,000 health insurance premiums for himself and his teenage son and was reimbursed by the company. Why doesn't Curtis qualify for the self-employed health insurance deduction? 1. He has no net self-employment income from the partnership. 2. His tax on self-employment will be more than the premiums. 3. The company did not pay your premiums directly. 4. Premiums can only cover the member
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