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ms883
New Member

I have 2 businesses. Do I need to file 2 schedule c's? Where do I deduct health insurance premiums?

1 business is profitable, the other is not. 

1 Reply
Coleen3
Intuit Alumni

I have 2 businesses. Do I need to file 2 schedule c's? Where do I deduct health insurance premiums?

Yes, if they are different types of work or an LLC. If they are the same type of work, they can be entered on one Schedule C. Unless your premiums are paid through the Marketplace or Medicare, enter them under expenses for the profitable company. See the screen shots below.

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