Do I add Healthcare Insurance Premiums into my Quickbooks or do I just add it on TurboTax?
Do I add Healthcare Insurance Premiums into my Quickbooks as a business expense or do I just add it on TurboTax? ( I'm a self-employed, sole proprietorship.) Thank you for the help
That is a personal expense when you are a Sole Prop so you do NOT pay it with company funds nor is it a company expense to be deducted ... it doesn't belong in QB for your business.
if it is for you (and family) it should be entered as self-employed health insurance which if properly entered should flow to schedule 1 line 16. when you are working on schedule C in Turbotax it should ask the question about self-employed health insurance.
