To enter the insurance premiums, you will do as follows
- From the Federal menu, click on Income & Expenses
- Expand the menu for Self-Employment
- Click Start/Revisit next to Self-employment income & expenses
- Edit next to the business
- Click on Add expenses for this work
- Click the radial button next to Health insurance premiums. Click Continue
- Enter the information on the screen that follows. Click Continue.
If the business is a partnership or an S-Corp, you will enter the self-employed health insurance at the end of the K-1 entry section.
If you are self-employed, you are allowed a deduction for premiums that you pay for medical, dental and qualifying long-term care insurance coverage for yourself, your spouse and your dependents.
You can only claim the health insurance premiums write-off for months when neither you nor your spouse were eligible to participate in an employer-subsidized health plan.
When can you claim a tax deduction for health insurance?
Deducting health insurance premiums if you're self-employed
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