GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

One possible explanation why you are not able to enter an amount for health insurance is because your business has no net income.  A self-employed person may deduct only as much health insurance as the net income earned from the business.  In other words, if your business earns no money or incurs a loss, you get no deduction. 

 

Additionally, if you have more than one business, you can't combine the income from all your businesses for purposes of the income limit. You may only deduct your health insurance against the income from one of your businesses.  Also, you may not take the self-employed health insurance deduction if you're eligible to participate in a health insurance plan maintained by your employer or your spouse's employer.

 

@Kessler20Wood

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