Schedule c self employed

Forum|Forum|7 years ago
June 5, 2019
2 replies
14 views

where do I post my self employed health insurance premiums I paid directly to Humana>

TurboTax Self Employed Online

Carl

Level 11

Under Business Expenses - Other Common Business Expenses - Insurance Payments (Health, Long Term Care, Liability Insurance). Only put it here if your business has a net taxable profit. Otherwise, report it under the Healthcare tab.

VolvoGirl

Level 15

Enter it all under Business. It will send any excess over to Schedule A.

Self-employed health insurance deduction goes on Form 1040 line 29, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 line 29, and the remainder gets added in to medical expenses on Schedule A.