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

[zz237]

Fantastic! Thanks & God bless 🙂

[dmertz]

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.