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Calculate serena self-employed health care deduction

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Reference no: EM132772639

Serena is a 38-year-old single taxpayer. She operates a small business on the side as a sole proprietor. Her 2020 Schedule C reports net profits of $15,000. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,800 in 2020. Serena also pays long-term care insurance premiums of $600 in 2020.

Problem 1: Calculate Serena's self-employed health care deduction.

Reference no: EM132772639

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