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Business & farm
Self Employed health Insurance does not go directly on Schedule C so it will not reduce your Net Profit or self employment tax.
If your health ins exceeds your net self-employment income it gets split. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 16 and the remainder gets added in to medical expenses on Schedule A.
Where to enter Self Employed Health Ins
Can I deduct health ins when Self Employed?
Deducting Health Ins If you are Self Employed
‎June 24, 2021
2:37 PM