If you qualify for a self-employed health insurance deduction that amount would be deductible from your taxable income but limited to your net self-employment income. The IRA deduction would only be limited to your taxable income before the IRA deduction.
I suggest you look at your Form 1040 to gain some clarity on how your medical insurance and IRA contributions are being treated. You will see the self-employed health insurance deduction and IRA contribution on part II of Schedule 1 and also on Form 1040 line 10.
To view your form 1040 and schedule 1 to 3:
- Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
- Choose Tools
- Choose View Tax Summary
- See the Preview my 1040 option in the left menu bar and click on it
- Choose the Back option in the left menu bar when you are done
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