Is it okay to deduct exchange health insurance premiums from only one schedule C in a partnership for two spouses filing jointly?

[david-merle-mont]

My wife and I are self-employed, filing jointly. TurboTax said we should split the business income and expense 50/50 on two schedule Cs. However, in the Health Insurance section, we can only associate our 1095-A for our exchange health insurance plan to one of the schedule Cs. Will this cause any issues with getting the maximum refund?

[DDollar · Accepted solution]

No, it should not affect your total tax.  It will result in one of you paying more into Social Security than the other.  This could have an impact on retirement benefits over a long period of time.  You might want to alternate which Schedule C to associate it with so that you each take it one out of two years.