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Deductions & credits
Yes, you can deduct the Market Insurance premiums as Self-employed health insurance if you are self-employed. It does not matter whether or not you also have a part-time job.
In TurboTax Self-Employed, you enter your health insurance premiums in the Business Expenses section of your business.
The deduction is limited to the amount of net income (profit) of your business.
Go to Business Expenses > Other Common Business Expenses > Health Insurance Premiums.
TurboTax will transfer the amount to Part II line 17 of Schedule 1 of form 1040 (self-employed health insurance deduction).
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‎February 6, 2022
8:01 AM