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Deductions for self employed

Why isn't my self employed health insurance  being calculated in turbo tax?  This is for my partnership and it was not reimbursed.

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2 Replies
ThomasM125
Expert Alumni

Deductions for self employed

You should see an option to enter you health insurance premiums when you work through the schedule K-1 entries in TurboTax as follows:

 

Also, you need to have self-employment income as listed in box 14 on your K-1 schedule to be able to take the self-employed health insurance deduction.

 

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Deductions for self employed

Good morning and thank you for taking the time with my question.  I have done all the correct steps in turbo tax and yes I do have income in box 14 of my K-1 but I then later get a page telling me that no portion of my self employed health insurance premiums has been deducted from my total income, it also says that health insurance premiums must be entered with the business expenses for the business that the policy relates to.  I do have 2 partnerships, 1 s corp and I have a 1099_NEC company that I am filing for, the insurance is under one of the partnerships and has been for years.  2020 is the first year with the 1099 income though.

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