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Switched from employee to self-employment 8/19. For Health Insurance, am I only able to deduct premiums paid "above the line" for the 5 mos. while SE? Or for the full yr?

Forum|Forum|6 years ago
February 7, 2020
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TurboTax Self Employed Online

Best answer by mglauner

You should only claim the deduction for Self-Employed Health Insurance as an Expense for the time you were actually self-employed.

M

mglauner

You’re only eligible to claim the write-off for health insurance premiums during the months when you are not eligible to participate in any employer-subsidized health plan.

Click this link for detailed info about Health Insurance if your're Self-Employed.

C

chess_trampAuthor

I was never eligible to participate in the employer-subsidized health plan during 2019. (They are a small business that does not provide a health plan in the state that I work/live in.) Given that restriction does not apply, can I claim the write-off for all twelve months... even though I was only self-employed the last five months of the year?