Yes, you are allowed to deduct your self-employed health insurance. To clarify the statement made by @GeorgeM777, if you are a sole proprietor and have a loss you cannot deduct the health insurance.
Your CPA is correct in telling you that you can claim the health insurance as self-employed under adjustments. To enter your health insurance premiums, follow these steps:
- Search for Schedule C and select the Jump to link.
- If this is your first time entering info about your self-employment work, you’ll be asked some initial questions before coming to the Expenses section.
- If you previously entered info on your self-employment work, select Edit next to the type of work you entered previously. Scroll down to the Expenses section and select Add expenses for this work.
- Select Less Common Expenses, scroll down and if you do not see health insurance, then click on "show more" to show all expense categories. Select Health insurance premiums and select Continue.
- On the Tell us about health insurance premiums for your [business] work, enter the total amount of health insurance premiums you paid.
Deducting Health Insurance Premiums If You're Self-Employed
