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Deductions & credits
You don’t have to calculate anything. Turbo Tax does it for you. It will automatically send the rest of it to Schedule A Medical Deductions. And the health insurance won’t actually reduce your Schedule C self employment Net Profit . It goes on Form 1040 Schedule 1 line 17 (to 1040 line 10). So you still pay self employment on the whole Net Profit.
March 23, 2025
4:10 PM