@normtf wrote:
IWhen I view the Schedule C summary, the LTC premiums that I had entered are completely missing. Is this an error in TT??
That is correct. If entered properly as a Schedule C expense it will appear on Schedule 1 line 17 (self-employed health insurance deduction), which will flow to 1040 line 10.
It works this way because you not only might have multiple Schedule Cs but also Schedule F or K-1s from partnerships/llc/s-corps any or all of which could have such premiums that need to be added up. Also this way it does not reduce business income on the Schedule C. That has various implications like not getting out of self-employment tax on the premium amount. That must be because of the choices Congress made when writing the statute.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
