MinhT1
Expert Alumni

Self employed

Yes, if you are self-employed, you can deduct the cost of your premiums paid to the Marketplace (adjusted by the premium tax credit) as self-employed insurance.

 

In TurboTax Self-Employed, you enter your health insurance premiums in the Business Expenses section of your business.

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The deduction is limited to the amount of net income (profit) of your business.

 

Go to Business Expenses > Other Common Business Expenses > Health Insurance Premiums.

 

TurboTax will transfer the amount to Part II line 17 of Schedule 1 of form 1040 (self-employed health insurance deduction).

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