Business & farm

Go to

Business tab-Continue

Choose Jump to Full List -or I'll choose what I work on

 

Then…..

Business Income and Expenses - Click the Start or Update button

 

Then click EDIT by the business name and the next screen should be a list of  topics,

Business Profile, Income, Inventory/Cost of Goods Sold, Expenses, Assets, and Final Details last.

 

Under Business Expenses, Click Start or Update by Other common business expenses

Then click Update by Insurance Payments

Then click Update by Health Insurance Premiums

 

Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 29, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 schedule 1 line 29, and the remainder gets added in to medical expenses on Schedule A.

 

If it is deducted from your Social Security then delete it from ss and enter it under self employment.