John36
New Member

For self employed, where is medical insurance claimed?

 

Deductions & credits

Do you have an S Corp or Partnership? You are asking form TT Business.
Coleen3
Intuit Alumni

Deductions & credits

For the health insurance premiums, you can deduct up to 100% of the premiums for you, your spouse, and your dependents if your work shows a net profit. The premiums will appear on Line 29 of your Form 1040. Any payments that exceed your net business income will flow over to Schedule A as a personal medical expense. We'll automatically handle the line items and calculations for you.

To add the self-employed health insurance to your return:

·         Type self-employed health insurance deduction in the search bar.

·         Click Jump to self-employed health insurance deduction.

·         Continue the onscreen interview until you get to the Enter Your Business Expenses, choose Less common expenses, then choose Health Insurance Premiums.