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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).
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March 9, 2025
12:52 PM