You will be able to select either of the self-employed businesses to be the sponsor of your health insurance policy in the marketplace section of TurboTax. You will be asked to designate one after you enter Form 1095-A. It is a deduction up to the net profit of that business and after any Advance Premium Tax Credits are applied.
The other self-employed business was not concurrent, so you can designate it as the business sponsor for the remainder of the year. There is no place to enter this in the Marketplace section but you may enter that portion of the net premiums you paid in Schedule C for the other business, in the Expenses section, under Self-employment Health Insurance.
If you also had vision, dental, or long-term care insurance, these were not included in the numbers for the main health care policy in the 1095-A. You may also enter these into the Schedule C for each of the businesses, dividing by the months of the year.
For additional information, you may review in IRS Publication 535, Business Expenses Just scroll down the left side menu and look for Insurance then Self-employed Health Insurance Deduction.
Only one self-employed business may be designated as a sponsor of a health insurance policy at the beginning of the year and you cannot combine the net income of multiple concurrent businesses for purpose of the deduction, although you can change the designation in the following year. This is per IRS Chief Counsel Memo 200524001
[Edited 01/17/22 10:56 am PST] instructions how to enter deductions for two self-employed businesses which were active during different months of the year.
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