In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

e36auto · ‎June 3, 2019

In Schedule C, Other Business Expenses, in what year are deductible self-employment health care insurance premiums reported? I am in a situation where I had to buy my own health insurance for 2019 health coverage. One of those premiums had to be paid in December 2018. I was self-employed in the later part of 2018. Can I take the December 2018 premium deduction in my 2018 taxes, or do I have to wait till 2019?

Anonymous · ‎June 3, 2019

date of payment

View solution in original post

e36auto · ‎June 3, 2019

Thank you!

Anonymous · ‎June 3, 2019

the health insurance is not a deduction for schedule C. in schedule c or interview mode there should be something about self-employed health insurance. if done properly and you have enough schedule c income (schedule C income reduce by 1/2 the se tax and contributions to self-employed retirement plan) , the deduction should appear on line 29 of form 1040

e36auto · ‎June 3, 2019

OK. Thanks.

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

Get your taxes done using TurboTax

Get your taxes done using TurboTax

Get your taxes done using TurboTax

Get your taxes done using TurboTax