If the only job you have is being a full time retail trader, and you buy health insurance directly out of your pocket, can you write the health insurance premiums off on your taxes? If so, how?
For full time traders, can health insurance premiums be written off on taxes?
- Thread starter David Donner
- Start date
As an individual trader, probably not.
If you form a business and pay yourself a salary, perhaps.
https://finance.zacks.com/can-write-health-insurance-off-business-expense-6186.html
You need an entity and then you can.
https://greentradertax.com/trader-tax-center/trader-tax-status/employee-benefit-plans/
https://greentradertax.com/trader-tax-center/trader-tax-status/employee-benefit-plans/
So that means if a person is unemployed they cant pay their health insurance premiums tax free?