Serena is a 48-year-old single taxpayer. She operates a small business on the side as a sole proprietor. Her 2022 Schedule C reports net profits of $15,000. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,800 in 2022. Serena also pays long-term care insurance premiums of $1,200 in 2022. Calculate Serena's self-employed health care deduction
Serena is a 48-year-old single taxpayer. She operates a small business on the side as a sole proprietor. Her 2022 Schedule C reports net profits of $15,000. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,800 in 2022. Serena also pays long-term care insurance premiums of $1,200 in 2022. Calculate Serena's self-employed health care deduction
Chapter6: Business Expenses
Section: Chapter Questions
Problem 59P
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Serena is a 48-year-old single taxpayer. She operates a small business on the side as a sole proprietor. Her 2022 Schedule C reports net profits of $15,000. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,800 in 2022. Serena also pays long-term care insurance premiums of $1,200 in 2022.
Calculate Serena's self-employed health care deduction.
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ISBN:
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Author:
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Publisher:
CENGAGE LEARNING - CONSIGNMENT