CPA & TurboTax Expert [PII removed] once said, "If you’re self-employed, you can usually claim a tax deduction for the health insurance paid for yourself, your spouse, and your dependents. This means that the premium paid for medical, dental, or long-term care insurance can reduce your taxable income, dollar for dollar. If you’re self-employed and responsible for your own health insurance coverage, you might be able to deduct 100% of your premium cost. That gets taken off your adjusted gross income rather than as an itemized deduction."
1. So, how should you enter it in my TurboTax Home & Business software? What documentation do you need to claim it?
2. Is there a way to claim medical expenses without itemizing (Schedule A)?