A sole proprietor gets to deduct half of his health insurance costs on the 1040 under Adjustments to Income. No problem there.
The IRS calls that deduction business related, so it does not qualify for the Schedule A net operating loss deductions.
When income on the Schedule C is minimal, and the adjustments to gross income (and also the standard deduction, but either one would do) creates an overall net loss, can that somehow be carried over into the next year and used?
And if so, how? I don't normally do returns, and I haven't been able to figure this one out.
Thanks.