topic 1095 and Traditional IRA deductions exceeding Self Employment Income not caught in Turbotax? in Self employed

1095 and Traditional IRA deductions exceeding Self Employment Income not caught in Turbotax?

DsCarter — Wed, 11 Feb 2026 04:00:34 GMT

My 1095 health premiums plus my traditional IRA exceed my 1099NEC self employment income. Turbotax is accepting the excess on schedule 1 and through to the 1040. For example my 1099 shows $16000 (1040 line 😎 and my 1095 plus traditional IRA total $19000 (1040 line 10). Why is Trubotax accepting the $3000 overage and not limiting or warning me that it is exceeding the income? TY.

Re: 1095 and Traditional IRA deductions exceeding Self Employment Income not caught in Turbotax?

RobertB4444 — Mon, 12 Feb 2024 21:58:44 GMT

They are separate deductions. The self-employed health insurance deduction cannot exceed the total amount earned from your business (minus that self-employment tax deduction). The IRA deduction can't exceed the total amount earned. They aren't considered together - neither of the deductions effects the net income from your business. SO you are allowed both.

@DsCarter

Re: 1095 and Traditional IRA deductions exceeding Self Employment Income not caught in Turbotax?

DsCarter — Wed, 14 Feb 2024 00:00:21 GMT

Thanks for the quick reply. Seeing the two adding to $3k more than my gross didn't look right but I'll take it!