IreneS
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Deductions & credits

UPDATED FOR TAX YEAR 2019

 

Yes.  You can enter premiums paid for health insurance in your business return. 

 

Premiums for health insurance and long-term care insurance will not show on your on Schedule C.  Instead, they are shown as a deduction from your gross income on Schedule 1 of form 1040, line 16 [self-employed health insurance deduction].  [Don't worry, just enter the expenses under your business and TurboTax will take care of it!]

 

 

[Edited | 4/13/2020 |  1:27 pm PDT]



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