You'll need to sign in or create an account to connect with an expert.
That's correct. medical insurance premiums are NOT deducted from business income. They end up on Line 29 of the 1040. They don't reduce business income, they reduce total income.
That's correct. medical insurance premiums are NOT deducted from business income. They end up on Line 29 of the 1040. They don't reduce business income, they reduce total income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
DX-hound
Level 1
tgbiz
New Member
hullian
Level 3
DDBloomandzoom
New Member
jafusia
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.