topic LLC 1099-NEC; self-employed for deducting Medicare premiums? in Deductions & credits

LLC 1099-NEC; self-employed for deducting Medicare premiums?

Sinclair12 — Mon, 09 Mar 2026 09:07:40 GMT

I am affiliated with a pass-through LLC which is an opportunity for me to get consulting business. The clients pay the LLC. The LLC keeps a previously agreed-upon percentage and pays me the rest. The LLC reports my income on a 1099-NEC. I receive no other benefits from the LLC -- it doesn't contribute to a retirement plan, it provides no insurance, it doesn't withhold anything (taxes, etc) from the money.

I have two questions:

Am I considered "self-employed" in this circumstance? I see that Turbotax lists my income from this consulting work on Schedule C. I think the answer is "yes" but I would appreciate confirmation.
Can I deduct my Medicare premiums as expenses? The answer depends on whether/how I am considered self-employed. (Medicare is my primary health insurance.)

Thanks to all!

Re: LLC 1099-NEC; self-employed for deducting Medicare premiums?

AliciaP1 — Fri, 04 Mar 2022 20:57:24 GMT

Yes, you are considered self-employed in this situation. Therefore, you are eligible to take the Self-Employed Health Insurance Deduction.

See Deducting Health Insurance Premiums If You're Self-Employed for more information.

Re: LLC 1099-NEC; self-employed for deducting Medicare premiums?

Sinclair12 — Mon, 07 Mar 2022 15:56:36 GMT

Thanks very much!