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rick-nersesian
New Member

How do we report and deduct spouse's health insurance premiums when she paid for all 12 months but was an employee for 7 months and then self employed for 5 months?

Husband retired. Wife was employee for 7 months of year. Self employed for 5 months.  She paid her health insurance premiums for all 12 months.  Where do we report them in turbotax and how does she deduct them - e.g. sched. C, 1040 itemized deductions?

Turbotax says as self employed she can deduct her spouse's health insurance premiums too? If that is correct, same question as above - how and where to report. 

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Accepted Solutions
BMcCalpin
Level 13

How do we report and deduct spouse's health insurance premiums when she paid for all 12 months but was an employee for 7 months and then self employed for 5 months?

"She paid her health insurance premiums for all 12 months." Were these payments after-tax? That is, was this an employer-sponsored plan where the amount showed up in box 12 of the W-2 with a code of DD (in this case, not after-tax), or did she pay them separately from the employer (after-tax)?

If these premiums were paid with after-tax dollars, then she can deduct the 7 months of premiums on Schedule A as an itemized deduction.

As for the 5 months that she was self-employed, she can report those on Schedule C (including premiums for you). Go to the Business tab in TurboTax (this will be TurboTax Home & Business or Self-employed), navigate to Business Income & Expenses, (edit your business if you have already created it), and go to Business Expenses->Other Common Business Expenses.

On the Business Expenses screen, go down to Insurance Payments, and click Start (or Revisit). Health Insurance Premiums is the first line - this is where it goes.

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1 Reply
BMcCalpin
Level 13

How do we report and deduct spouse's health insurance premiums when she paid for all 12 months but was an employee for 7 months and then self employed for 5 months?

"She paid her health insurance premiums for all 12 months." Were these payments after-tax? That is, was this an employer-sponsored plan where the amount showed up in box 12 of the W-2 with a code of DD (in this case, not after-tax), or did she pay them separately from the employer (after-tax)?

If these premiums were paid with after-tax dollars, then she can deduct the 7 months of premiums on Schedule A as an itemized deduction.

As for the 5 months that she was self-employed, she can report those on Schedule C (including premiums for you). Go to the Business tab in TurboTax (this will be TurboTax Home & Business or Self-employed), navigate to Business Income & Expenses, (edit your business if you have already created it), and go to Business Expenses->Other Common Business Expenses.

On the Business Expenses screen, go down to Insurance Payments, and click Start (or Revisit). Health Insurance Premiums is the first line - this is where it goes.

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