Solved: My employer pays my health insurance premiums and gave me a 1099 put the amount in box 7 how should it be reported?

bubbaloo52 · Jun 4, 2019 7:25:32 PM

<P>My employer pays my health insurance premiums but makes me claim as income they reported it on a 1099 box 7 is thus wrong should I have them change it to box 3 and what is the best way for me to report this on turbo tax?</P>

My employer pays my health insurance premiums and gave me a 1099 put the amount in box 7 how should it be reported?

A self-employed individual can take an above-the-line deduction on Line 17 of Schedule 1 for whatever amount of premiums was paid for self-employee health insurance, as long as the sum of the deducible portion of self-employment taxes, any deductible self-employed retirement contribution and the deduction for self-employed health insurance doesn't exceed net profit from self employment, in this case $4,800.