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Deductions & credits
One cautionary note. If you enter your medical premiums during the business section of Turbotax, the software will maximize how much can be deducted on schedule-C. It then takes the remainder and enters it on the schedule-A itemized deduction calculation - BUT it does not make this obvious. So when you get to the personal section and enter personal deductions you may think you need to enter the insurance premiums again, or you may enter the remainder from schedule-C into this deduction. This will cause the deduction in schedule-A to be too large as it will add the premiums twice. You'll only notice this when you print schedule-A and see the medical portion is much higher than shown in the "step-by-step" format.
‎June 11, 2019
8:16 AM
15,110 Views