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Level 1
June 6, 2019
Solved

I am predominately self employed, but I have part time employment income. My part time employment does not cover insurance. Can I deduct all the insurance premiums I pay?

I'm trying to figure out if, because I am largely self employed (80% of my income is self employment), if I can still deduct the health insurance premiums I paid on a 1095 because I was not eligible for health insurance through my employer.
PeterMAnswer
Level 7
June 6, 2019

If your self-employed income pays the premiums for the health insurance then deduct 100% on Line 29 of the Form 1040.

Please see the following publication for more information Publication 535, Business Expenses.


1 reply

PeterMAnswer
Level 7
June 6, 2019

If your self-employed income pays the premiums for the health insurance then deduct 100% on Line 29 of the Form 1040.

Please see the following publication for more information Publication 535, Business Expenses.