alan8484
New Member

Marketplace Health Insurance not on Schedule C. Why?

Why doesn't Marketplace Health Insurance Premiums go on Schedule C for a self-employed person? If it went on Schedule C it would lower the profit and thereby lower the Self-Employed Tax calculation along with SEP contribution.

 

Adding it to Schedule 1 line 17 makes the Self-Employed person pay more SE taxes and have higher contributions into SEP (not a bad thing).