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Deductions & credits
That explains why you have some medical premium in the medical expenses. Self-employed health insurance deduction goes on Schedule 1 line 17 which goes to 1040 line 10, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Schedule 1 and the remainder gets added in to medical expenses on Schedule A.
March 17, 2022
9:03 AM
1,560 Views