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fishmonger23
New Member

I am retired and receive SSA 1099 benefits. However i also receive income as a novelist. Can i deduct Medicare B premium and private health insurance premium

I complete schedule C-EZ for my business income. Can Medicare B and private insurance be entered on line 29 of 1040
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MaryK1
Level 9

I am retired and receive SSA 1099 benefits. However i also receive income as a novelist. Can i deduct Medicare B premium and private health insurance premium

Yes, you can use the Medicare B premiums and other private health insurance premiums as a self employed health insurance deduction.

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2 Replies
MaryK1
Level 9

I am retired and receive SSA 1099 benefits. However i also receive income as a novelist. Can i deduct Medicare B premium and private health insurance premium

Yes, you can use the Medicare B premiums and other private health insurance premiums as a self employed health insurance deduction.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
TomD8
Level 15

I am retired and receive SSA 1099 benefits. However i also receive income as a novelist. Can i deduct Medicare B premium and private health insurance premium

If your Medicare premiums are being taken out of your SSA-1099, make sure you DON'T enter them on the SSA-1099 page in TurboTax  if you're going to be entering them as a self-employed expense.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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