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Problem 5-2 Self-Employed Health Insurance Deduction (LO 5.2) Serena is a 40-year-old single taxpayer. She operates a small business on the side as a sole
Problem 5-2 Self-Employed Health Insurance Deduction (LO 5.2) Serena is a 40-year-old single taxpayer. She operates a small business on the side as a sole proprietorship. Her 2018 Schedule C reports net profits of $5,624. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,545 in 2018. Serena also pays long-term care insurance premiums of $600 in 2018.
Calculate Serena's self employed health care deduction.
You guys have an answer. But my home is saying it's wrong..
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