The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Self-Employed Med. Ins. Deduction Date:  3/21/1999  2:00 PM
Author:  stubevan Number:  12595 of 127985

I resigned from my job on 7/31/98 to becomed a full-time "investor". I work at this all day, every day, and have probably made over 200 trades since then. I'm also now paying my own medical insurance.

Can I deduct the insurance under the self-employed deduction area...since I am very much self-employed? One issue is that I have no regular income to report as a result of these activities, only dividends and cap gains/losses, and the Turbotax worksheet doesn't allow for this.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us