Question

I am a CPA in private practice and have a client who is a real estate professional. My client reports his rental income and expenses on Schedule E of his tax return and that makes him ineligible to claim the self-employed health insurance on his 1040.

This client doesn’t have any other business that would qualify him for the self-employed health insurance deduction.

Is there a way around this? After all, this guy is a real estate professional operating over 17 single-family residential properties. ... Log in to view full article.