MinhT1
Expert Alumni

Deductions & credits

The Self-employed Health deduction doesn't reduce your business net income on Schedule C, but is transferred to line 17 of Schedule 1 of form 1040 and reduces your taxable income.

 

In TurboTax Premium Online, 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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