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#2
05-27-2004, 03:27 AM
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 Re: Health Insurance deduction for self-employed students egkeeling wrote: - quote - > Question: For which of those periods can I take (or should
Questions for you: Are you married? And, if so, does your> I have taken) the self-employed health insurance deduction > (line 30, 1040)? spouse work? And, if so, are you ELIGIBLE to participate in any plan sponsored by your spouse's employer? (Additional questions may follow.) MTW << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
05-25-2004, 11:15 PM
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| Re: Health Insurance deduction for self-employed students "egkeeling" <egkeeling[at]hotmail.com> wrote: - quote - > I am a self-employed musician and music teacher. My business
I would think you should have taken that adjustment to> is under my own name. Over the past few years I have been: > a) A self-employed musician with a personal health insurance > policy in my own name. All income from self-employment. > b) Self-employed as before but also going to school for a > second degree (Biology) and paying for student health > insurance which was a better deal than the insurance I was > getting before being a student. > c) Self-employed as before but now with extra income from a > research assistantship from the university and still with > the student health insurance. > Question: For which of those periods can I take (or should > I have taken) the self-employed health insurance deduction > (line 30, 1040)? income during all of those times you were self-employed. Wayne Brasch, CPA, M. S. Taxation << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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05-25-2004, 11:15 PM
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| Re: Health Insurance deduction for self-employed students egkeeling[at]hotmail.com (egkeeling) wrote: - quote - > I am a self-employed musician and music teacher. My business
a. You should have taken the SE Health ins deduction.> is under my own name. Over the past few years I have been: > a) A self-employed musician with a personal health insurance > policy in my own name. All income from self-employment. > b) Self-employed as before but also going to school for a > second degree (Biology) and paying for student health > insurance which was a better deal than the insurance I was > getting before being a student. > c) Self-employed as before but now with extra income from a > research assistantship from the university and still with > the student health insurance. > Question: For which of those periods can I take (or should > I have taken) the self-employed health insurance deduction > (line 30, 1040)? > Thanks b. You could have taken the SE Health Ins deduction because the school was not your employer. c. You shouldn't take the SE HEalth Ins deduction because it is *available* from your employer. ed << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
05-24-2004, 05:54 AM
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| Health Insurance deduction for self-employed students I am a self-employed musician and music teacher. My business is under my own name. Over the past few years I have been: a) A self-employed musician with a personal health insurance policy in my own name. All income from self-employment. b) Self-employed as before but also going to school for a second degree (Biology) and paying for student health insurance which was a better deal than the insurance I was getting before being a student. c) Self-employed as before but now with extra income from a research assistantship from the university and still with the student health insurance. Question: For which of those periods can I take (or should I have taken) the self-employed health insurance deduction (line 30, 1040)? Thanks EG << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deduction, health, insurance, selfemployed, students |
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