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cabinfever895
New Member

How can I increase line 29 on 1040 to include dental premiums if that field filled in from entering the 1095-A question and I'm self employed.

I made more self-employment income than I expected and lost my state health insurance subsidy.  The program filled in the amount of the health premium I will be paying on line 29 (from my entry of the form 1095-A statement).  However, I also have dental premiums and I don't know how to add these to the amount reported on line 29 to get the full benefit of paying premiums.

1 Best answer

Accepted Solutions
TeresaM
Employee Tax Expert

How can I increase line 29 on 1040 to include dental premiums if that field filled in from entering the 1095-A question and I'm self employed.

Form 1095-A information entered in the Health Insurance tab will automatically transfer to your Schedule C if you link it to your business but any medical or dental insurance which was not entered and accounted to your self-employment can be entered in your self-employment section.

To check that area in the online version: 

·                  In the online Self-Employed version of Turbo Tax 

·                  Click on Federal, in the left menu

·                  Click on Income and Expenses, at the top

·                  You may see a prompt for Self-Employment, but if not

·                  Click on Check for More Income and See All Income

·                  Scroll down to the Self-Employment section with the blue person icon

·                  Click on Show More

·                  And Revisit

·                  Click on Edit by the name of your business

·                  Scroll down and click on the blue Add Expenses for this Work

·                  Scroll down and click on the blue triangle by Less common expenses

·                  Scroll down to select Health Insurance

·                  Click on Continue at the bottom right 

In the Home and Business Turbo Tax, from CD or download to your desktop

·         Click on the Business tab

·         Then Continue and I'll choose what to work on

·         In the Business Expenses area, click Update or Start

·         By Profit or Loss from a Business

·         Click on the Edit button for the name of your business

·         Click Start for Business Expenses

·         Click on Start for Other Common Expenses

·         Click on Insurance Payments

 


View solution in original post

1 Reply
TeresaM
Employee Tax Expert

How can I increase line 29 on 1040 to include dental premiums if that field filled in from entering the 1095-A question and I'm self employed.

Form 1095-A information entered in the Health Insurance tab will automatically transfer to your Schedule C if you link it to your business but any medical or dental insurance which was not entered and accounted to your self-employment can be entered in your self-employment section.

To check that area in the online version: 

·                  In the online Self-Employed version of Turbo Tax 

·                  Click on Federal, in the left menu

·                  Click on Income and Expenses, at the top

·                  You may see a prompt for Self-Employment, but if not

·                  Click on Check for More Income and See All Income

·                  Scroll down to the Self-Employment section with the blue person icon

·                  Click on Show More

·                  And Revisit

·                  Click on Edit by the name of your business

·                  Scroll down and click on the blue Add Expenses for this Work

·                  Scroll down and click on the blue triangle by Less common expenses

·                  Scroll down to select Health Insurance

·                  Click on Continue at the bottom right 

In the Home and Business Turbo Tax, from CD or download to your desktop

·         Click on the Business tab

·         Then Continue and I'll choose what to work on

·         In the Business Expenses area, click Update or Start

·         By Profit or Loss from a Business

·         Click on the Edit button for the name of your business

·         Click Start for Business Expenses

·         Click on Start for Other Common Expenses

·         Click on Insurance Payments

 


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