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SandyG19
Level 2

Self employed health insurance marketplace linked to Sch C, but no health insurance amount is showing as a business expense

Why the health insurance not populating on the schedule C?  I have a profit in the business. 

 

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Anonymous
Not applicable

Self employed health insurance marketplace linked to Sch C, but no health insurance amount is showing as a business expense

doesn't show on schedule c but on schedule 1 line 16 limited to net income from schedule c. 

View solution in original post

2 Replies
Anonymous
Not applicable

Self employed health insurance marketplace linked to Sch C, but no health insurance amount is showing as a business expense

doesn't show on schedule c but on schedule 1 line 16 limited to net income from schedule c. 

View solution in original post

VolvoGirl
Level 15

Self employed health insurance marketplace linked to Sch C, but no health insurance amount is showing as a business expense

Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 16 then to 1040 line 8a, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 16, and the remainder gets added in to medical expenses on Schedule A.

 

BUT do not enter any Health Care Marketplace insurance you bought.  If you enter the 1095-A and select the "Self-employed and bought a Marketplace plan" box, it will automatically include those premiums in the SE Health Insurance section.  So you shouldn't enter it again on schedule C.

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