topic SELF EMPLOYED HEALTH INSURANCE in Business & farm

SELF EMPLOYED HEALTH INSURANCE

theMezzMan — Mon, 09 Mar 2026 08:12:30 GMT

I am trying to add a number to the SELF EMPLOYED HEALTH INSURANCE so it appears on 1040. Exactly how do I add that?

Re: SELF EMPLOYED HEALTH INSURANCE

AliciaP1 — Sun, 13 Mar 2022 00:41:38 GMT

You need to "attach" your 1095A to your business income. TurboTax will then calculate the correct amount of the credit.

Once you have entered your 1095A information, you will mark that "I'm self-employed and bought a Marketplace plan". The next screen lets you choose the business that is associated with it and verifies the operating months of the business. Once you hit Continue past the 1095A entry to will see the credit calculated.

Re: SELF EMPLOYED HEALTH INSURANCE

Mike9241 — Sun, 13 Mar 2022 00:57:07 GMT

did you have Marketplace insurance - you get a 1095A?. or did you have personal health insurance not through the Marketplace. . there should be a question as you are entering your schedule c information.

Re: SELF EMPLOYED HEALTH INSURANCE

VolvoGirl — Sun, 13 Mar 2022 01:06:34 GMT

Where to enter Self Employed Health Insurance
https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-health-insurance-premiums-if-i-m-self-employed/00/27111

Self-employed health insurance deduction goes on Schedule 1 line 17, which goes to 1040 line 10, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Schedule 1 line 17, and the remainder gets added in to medical expenses on Schedule A.

BUT do not enter any Health Care Marketplace insurance you bought. If you enter the 1095-A and select the "Self-employed and bought a Marketplace plan" box, it will automatically include those premiums in the SE Health Insurance section. So you shouldn't enter it again on schedule C.

Re: SELF EMPLOYED HEALTH INSURANCE

theMezzMan — Sun, 13 Mar 2022 04:19:23 GMT

I did not buy a market place plan.

Re: SELF EMPLOYED HEALTH INSURANCE

theMezzMan — Sun, 13 Mar 2022 04:28:03 GMT

@VolvoGirl wrote:
Where to enter Self Employed Health Insurance
https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-health-insurance-premiums-if-i-m-self-employed/00/27111

Self-employed health insurance deduction goes on Schedule 1 line 17, which goes to 1040 line 10, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Schedule 1 line 17, and the remainder gets added in to medical expenses on Schedule A.

BUT do not enter any Health Care Marketplace insurance you bought. If you enter the 1095-A and select the "Self-employed and bought a Marketplace plan" box, it will automatically include those premiums in the SE Health Insurance section. So you shouldn't enter it again on schedule C.

Thank you, but I can't seem to do that. I open in forms, go to Schedule 1 line 17 click on where it says "go to supporting form". That takes me to 1040/1040SR WKS - and Line 10 says "adjustments to income from schedule one line 26" and it has an amount in there already - which is not the premium I paid for insurance.

I do not see anywhere how to get the amount I paid for health insurance into the proper field.

Re: SELF EMPLOYED HEALTH INSURANCE

theMezzMan — Sun, 13 Mar 2022 04:38:51 GMT

THANK YOU.

The URL you provided is the correct answer and it worked just fine.

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-health-insurance-premiums-in-turbotax-cd-download-home-business-if-i-m-self/00/26387

Re: SELF EMPLOYED HEALTH INSURANCE

plshlp — Sun, 10 Apr 2022 03:09:00 GMT

I'm entering the information exactly this way and TT is not calculating anything on line 17 of schedule one. I have linked my business in the 1095 A section. My income exceeds amount of premiums paid for health insurance. I can't get TT to give me credit for the difference between the enrollment premium and the tax credit even though I have linked my business. I'm using TT Premier.

Re: SELF EMPLOYED HEALTH INSURANCE

VolvoGirl — Sun, 10 Apr 2022 03:08:48 GMT

@plshlp do you have a Net Profit on your schedule C for self employment? (not just the income)

Self-employed health insurance deduction goes on Schedule 1 line 17 which goes to 1040 line 10, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Schedule 1 and the remainder gets added in to medical expenses on Schedule A.

Re: SELF EMPLOYED HEALTH INSURANCE

plshlp — Sun, 10 Apr 2022 03:12:59 GMT

File 1120 S for LLC. Pass through net income is significant and exceeds amount paid for health insurance.

Re: SELF EMPLOYED HEALTH INSURANCE

VolvoGirl — Sun, 10 Apr 2022 03:17:16 GMT

I have an old note for that. See if it still works.

If this is for a Schedule K-1 you got you can enter it in Premier. You will come across the entry screen when you enter the K-1 or if you already entered the K-1......

This amount is entered on the K-1. Return to this K-1 and follow these steps to enter the health insurance premiums:
- Click on the Federal Taxes tab
- Click on Wages and Income

- Scroll down to Business Investments and Estate/Trust Income
- Schedules K-1 Click Start or Revisit
- Schedules K-1 or Q screen, Do you want to Review - click Yes
- Tell Us About Your Schedules K-1 screen, click Update by 1065 or 1120S Form

- Click Edit by your K-1
- Click through the screens until you see Other Situations or the Describe this Partnership screen
- Check the box for "I personally paid health insurance..." - Continue
- Enter the amounts requested for this K-1

Re: SELF EMPLOYED HEALTH INSURANCE

plshlp — Sun, 10 Apr 2022 03:31:32 GMT

I had already been through this section; however, went ahead and ran through it again. I went ahead and marked the box for "I personally paid health insurance premiums (even though TT says not to if purchased a marketplace plan). I didn't put in an amount in #1 because it says not to if I purchased a "Marketplace plan" and #2, if I put in an amount in, it doubles it on the schedule a which throws off those numbers.

Re: SELF EMPLOYED HEALTH INSURANCE

plshlp — Sun, 10 Apr 2022 03:47:26 GMT

This is the first year I have run into this problem due to the fact that this is the first year I have qualified for any kind of health insurance tax credit through the marketplace (due to change for 2021 and 2022). I have read where this is a TT problem that they have known about for years. Also read where I either need to purchase a different tax software or hire a professional which is frustrating since I have been using TT now for over 25 years and have already spent the money for TT.

Re: SELF EMPLOYED HEALTH INSURANCE

JohnB5677 — Sun, 10 Apr 2022 10:58:14 GMT

This thread has traveled through several thought processes, but if you are trying to add self-employed health insurance to the Online version.

In TurboTax Self-Employed Online, the Self-Employment health insurance is not the business section of the return.

You should go to:

Income & Expenses
Other Business Situations > Show More
Self-Employed Health Insurance Paid

Re: SELF EMPLOYED HEALTH INSURANCE

Louie G — Mon, 08 Aug 2022 15:56:13 GMT

If your deduction is related to a K-1 entity, such as a S-corp, you have to scroll thru the K-1 entry worksheet to find a QuickZoom button for "Health Insurance premiums paid"

- no other way to find the form !

BY THE Way -- If you have medical premiums reported on your W-2, it does NOT automatically get entered into the appropriate forms that flow to Schedule 1. Lots of money at stake - now amending 3 yrs returns...

Re: SELF EMPLOYED HEALTH INSURANCE

goonebear — Fri, 23 Feb 2024 22:20:34 GMT

thanks for your response. I also saw that I should not enter medicare parts B & D in social sec income so that these don't get pulled into schedule A medical deductions. But I saw something in Turbo tax BUSINESS (we have a partnership) that said I need to enter a business expense (where do I do that for health care and LT care insurance). If I do that, do I have to enter them in guaranteed payments? we pay the insurance premiums ourselves. Thanks!!

Re: SELF EMPLOYED HEALTH INSURANCE

PatriciaV — Mon, 26 Feb 2024 16:53:05 GMT

Yes. If the partnership pays the insurance premiums, the amount is included in guaranteed payments to the partner and an expense to the partnership. Enter this in TurboTax Business under Deductions >> Compensation and Benefits >> Guaranteed Payments. These payments will be reported to the partner on Schedule K-1.

According to IRS Pub 541 - Guaranteed Payments:

"Premiums for health insurance paid by a partnership on behalf of a partner, for services as a partner, are treated as guaranteed payments. The partnership can deduct the payments as a business expense, and the partner must include them in gross income."

However, if you pay the insurance payments as a self-employed individual, the cost is reported only on your 1040 return. Enter this in TurboTax Desktop/Online under Schedule C (Business) Expenses >> Self-Employed Health Insurance Premiums.

@goonebear