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Deductions & credits
Yes, if you aren't eligible for a subsidized company health insurance plan, you can treat your Marketplace insurance premiums as self-employed health insurance premiums. The deduction does not apply to your self employment income for self-employment (social security) tax purposes, however, only to your income for income tax purposes.
Your compensation should be reported on a Form 1099-NEC.
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March 10, 2025
1:44 PM