Is a deduction under section 223(a) for contributions to a self-employed individual’s own HSA taken into account in determining net earnings from self-employment under section 1402(a)?
A-84. No. The deduction is an adjustment to gross income under section 62(a)(19), and is reportable on the self-employed individual’s Form 1040 as an adjustment to gross income. It is not a deduction attributable to the self-employed individual’s trade or business so it is not taken as a deduction on Schedule C, Form 1040, nor is it taken into account in determining net earnings from self-employment on Schedule SE, Form 1040.
Related Questions
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