Self employed 3 months in 2020, do I deduct only 3 months of medicare B premiums as long as this deduction does not exceed income?
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If you are not eligible for health insurance coverage through an employer or spouse's employer, then you can deduct the Medicare premiums as self-employed health insurance.
I know I can deduct medicare b premiums, but am I limited to only 3 months premiums to offset 3 months of self employed income? Thank you
Yes, since you were self-employed for three months, you should prorate the Medicare premiums and take the portion that covers those three months.
To enter your self-employed insurance payments:
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