Question
For calendar year 2017, Jean was a self-employed consultant with no employees. She had $80,000 of net profit from consulting and paid $7,000 in medical
For calendar year 2017, Jean was a self-employed consultant with no employees. She had $80,000 of net profit from consulting and paid $7,000 in medical insurance premiums on her policy covering 2017. How much of these premiums may Jean deduct as a deduction for AGI? As an itemized deduction? If an amount is zero, enter "0".
Self-employed persons can deduct _______________________% of their medical insurance premiums as a deduction for AGI in 2017. Thus, Jean may deduct $_____________ as a deduction for AGI and she may deduct $________________ as an itemized deduction (subject to the AGI floor).
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