Yes, if you link your Marketplace policy to your business in the Health Insurance section, it will carry it over to the Schedule C automatically. You may wish to add other health policy premiums linked to your self-employment, such as dental and vision, which were not included in the Marketplace policy. To make the changes:
In the online Self-Employed version of
Turbo Tax with the Federal tab at the top
- Click on the Federal Taxes tab
- Click on Income and Expenses
- You may see a prompt for Self-Employment, but
if not
- Click on Check for More Income and See
All Income
- Scroll down to the Self-Employment section
with the blue person icon
- Click on Show More
- And Revisit
- Click on Edit by the name of your
business
- Scroll down and click on the blue Add
Expenses for this Work
- Scroll down and click on the blue triangle
by Less common expenses
- Scroll down to select Health Insurance
- Click on Continue at the bottom right
In the Self-Employed version
of Turbo Tax with the Business tab at the top
- Click on the Business tab
- Then Continue and I'll choose what to
work on
-
Update your Profit or Loss from a Business
- Click on the Edit button for the name
of your business
- Click on Business Expenses
- Select Update next to Other Common
Business Expenses
- Scroll down to Insurance Payments and Revisit
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