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Simply Referral Form PDF

Simply Referral Form PDF

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all right for this video I want to go through the irs's form 7206 which is used to calculate the amount of your self-employed health insurance deduction so this is being included with the for 1040 for John Smith so we've got the 7206 here and it is part of his full 1040 so we'll go through all of this and all the schedules and forms that are required and then I do have one slide here covering some background on the selfemployed health insurance deduction this form and then details on the fact pattern so the deduction is generally going to be limited to your net earnings from self-employment that are attributed to the trader business where your health insurance plan was established and that's important uh as we'll see in this example because you have to separately calculate the amount of self-employed income if you have mult multiple businesses where you're generating that self-employed earnings so the self-employed health insurance deduct

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