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Was it for your own health ins or for your employees?
For your own health insurance you need a Net Profit of Schedule C . And it does not go directly on Schedule C so it won’t reduce your Schedule C profit or the self employment tax.
If your health ins exceeds your net self-employment income it gets split. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 17 (to 1040 line 10) and the remainder gets added in to medical expenses on Schedule A.
Was it for your own health ins or for your employees?
For your own health insurance you need a Net Profit of Schedule C . And it does not go directly on Schedule C so it won’t reduce your Schedule C profit or the self employment tax.
If your health ins exceeds your net self-employment income it gets split. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 17 (to 1040 line 10) and the remainder gets added in to medical expenses on Schedule A.
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