Self-Employed Health Insurance Deduction
Response to the following problem:
Ashley is a self-employed artist. She pays $650 a month for health insurance coverage through her business. From August 1 through October 31, Ashley worked 30 hours a week for an ad agency. During that period, she was eligible for her employer's health insurance, but opted not to enroll in it.
a. How much of the $7,800 in health insurance premiums can Ashley deduct?
b. Where on her tax return does she take this deduction?