Does after-tax company retiree health insurance premiums deducted from my pension qualify as a self-employee expense?

peterfrosini — Tue, 04 Jun 2019 21:24:27 GMT

My spouse and I are retired and I'm now self-employed. We pay after-tax medical insurance premiums to my former company as an deduction from my pension. Are those premiums reported as self employment business expense? They are after-tax!

Yes. You can enter premiums paid for health insurance in...

IreneS — Mon, 13 Apr 2020 20:31:13 GMT

UPDATED FOR TAX YEAR 2019

Yes. You can enter premiums paid for health insurance in your business return.

Premiums for health insurance and long-term care insurance will not show on your on Schedule C. Instead, they are shown as a deduction from your gross income on Schedule 1 of form 1040, line 16 [self-employed health insurance deduction]. [Don't worry, just enter the expenses under your business and TurboTax will take care of it!]

[Edited | 4/13/2020 | 1:27 pm PDT]

topic Does after-tax company retiree health insurance premiums deducted from my pension qualify as a self-employee expense? in Deductions & credits

Does after-tax company retiree health insurance premiums deducted from my pension qualify as a self-employee expense?

Yes. You can enter premiums paid for health insurance in...