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Yes - You can enter the premiums paid Medicare B and the supplement as self-employed health insurance premiums. [It will show as a deduction on Schedule 1 of Form 1040, line 16.]
If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.
To enter the Medicare premiums, please follow these steps:
Yes - You can enter the premiums paid Medicare B and the supplement as self-employed health insurance premiums. [It will show as a deduction on Schedule 1 of Form 1040, line 16.]
If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.
To enter the Medicare premiums, please follow these steps:
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