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Get your taxes done using TurboTax
Self-employed health insurance deduction
***To get this deduction, your Schedule C must show a net profit.****
The deduction amount generally can't exceed your net profit amount.
If you (or your spouse if filing jointly) were 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 can't be claimed under this deduction.
Health insurance premiums you paid for your child, even if you aren't claiming them as a dependent, are eligible for this deduction as long as your child was age 26 or younger at the end of 2023.
The self-employed health insurance deduction shows up on Schedule 1, line 17.
C Line 15 support comes from 7206, There is also 1040/1040SR Wks that feeds Sched. 1.
Did you follow all the input for Self Employed Health Insurance? https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-health-in...
***To get this deduction, your Schedule C must show a net profit.****
The deduction amount generally can't exceed your net profit amount.
If you (or your spouse if filing jointly) were 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 can't be claimed under this deduction.
Health insurance premiums you paid for your child, even if you aren't claiming them as a dependent, are eligible for this deduction as long as your child was age 26 or younger at the end of 2023.
The self-employed health insurance deduction shows up on Schedule 1, line 17.
C Line 15 support comes from 7206, There is also 1040/1040SR Wks that feeds Sched. 1.
Did you follow all the input for Self Employed Health Insurance? https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-health-in...
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
March 27, 2024
2:24 PM