Entering Health Insurance cost

[blueruck]

In the past, I could manually enter my health insurance cost (Turbotax way is a mystery ) This year the IRS moved the line to 1040/Schedule 1/Line 16.  Now TT won't let us edit this line.

I have also tried the Business / Less Common Situations / Self-Employed Health Insurance.  When I click Update I get a dialogue box that has a blurb about insurance.  I click continue and it takes me right back to the main TT screen under Business.

I know of two ways to enter my insurance cost and neither is working.   Help Please.

[ColeenD3]

You may be able to deduct medical, dental, and long-term care insurance premiums for yourself, your spouse, and your dependents if you or your jointly-filing spouse is self-employed.

There are two ways to do this; through the self-employed health insurance deduction or as an itemized deduction.

Self-employed health insurance deduction

• To get this deduction, your Schedule C must show a net profit.
• The deduction amount generally cannot exceed your net profit amount.
• If you (or your spouse if filing jointly) was eligible to participate in an employer's health plan during any given month – even if you declined the coverage – the premium you paid for that month cannot be claimed under this deduction.
• Health insurance premiums you paid for your child, even if you aren't claiming them as a dependent, is eligible for this deduction as long as your child was age 26 or younger at the end of 2020.
• The self-employed health insurance deduction shows up on Schedule 1, line 16.

Itemized deduction

• Any out-of-pocket premiums you couldn't claim under the self-employed health insurance deduction can be used as an itemized deduction instead.
• You can't deduct insurance premiums paid with pretax or tax-free dollars, nor can you claim any premiums you already claimed under the self-employed health insurance deduction.
• Itemized deductions show up on Schedule A.

After you enter your premiums in the self-employed business expense section (or the Affordable Care Act section if you received a 1095-A) we'll check to see if you qualify for either or both of these deductions. It is under Less common Expenses.

[blueruck]

I understand where to enter, thank you.  What I don't know is why going to Less Common Situation and clicking "Continue" doesn't take me to a data entry screen it takes me back into Business section.

Or

How do I edit 1040 Schedule 1 so I can enter my value?

[blueruck]

This is the screen I'm on, I click continue and I am taken back to the Business home screen 

This is where it comes back to - not possible to enter a health insurance value. 

[ColeenD3]

Are you in the online or desktop version? I just did this very thing in desktop and the entry went to Line 16 Schedule 1.

[blueruck]

You must be using the Windows version as my Mac version looks nothing like that.   I am becoming convinced there is a program bug in the Mac software. How does this get reported?

[Critter-3]

To call TurboTax customer support         

https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number

[blueruck · Accepted solution]

I called TT support and we were able to resolve.  I will say the layout for information gathering of Self employed health insurance on the Mac version of TT is poorly designed.

Note - for the below to work, you must have a net profit greater than zero.  TT will calculate.

In the Mac version go to Business Tab

• Business Income & Expenses
• Enter your business or edit existing
• Business Expenses \ Other Common Business Expenses
• Insurance Payments
• Health Insurance Premiums

after entering the values show up on front of Business and in Schedule 1 line 16.