In order to remove the information from Schedule A, you will need to do the following:
- Click Personal
- Click Deductions & Credits
- How do you want to enter your deductions and credits?, I'll choose what I work on
- Your 2016 Deductions & Credits page
- Medical
- You will look for the screen that states: How much did you spend on insurance premiums?, then Medical insurance premiums
- Remove the amount from the box
In order to enter the amount as self-employed insurance (Line 29 of Form 1040), please see the following:
If you purchased your health
insurance directly with insurance and not Obamacare
- Go to Business
- Click "I'll choose what I work
on"
- Business Income and Expenses
- Business Expenses
- Other Common Business Expenses
- Insurance Payments
- Health Insurance Premiums
However if you purchased your
health insurance through it through Obamacare Plan (Form 1095-A)
- Select the Health Insurance section
of TurboTax.
- When
asked, Did you have health insurance coverage
in 2016?, select either the first or second option, depending on
your 2016 situation, and Continue.
- When
asked, Was anyone enrolled in a plan from a
Marketplace?, select Yes.
- When
asked, What type of plan were you enrolled
in?, select Obamacare plan (1095-A), and
then Continue.
- Follow the
prompts to enter your 1095-A.
- Enter your
Form 1095-A
- When asked,
Do any of these situations apply?
- Select
Self-employed and bought a Marketplace plan.
Then you will see Which
business income is tied to this policy?
