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kqdbjs
New Member

How to I deduct health insurance premiums using TurboTax Premium for LLC with no K-1

As I am the sole owner I do not have to do a K-1. All of my earnings were received via one 1099-NEC, and I can deduct all my other expenses via business expenses, but Turbo tax keeps telling. me to deduct the health care insurance expenses I have to do it via a K-1. But I don't have to create a K-1. How do I get around this
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1 Reply
JamesG1
Expert Alumni

How to I deduct health insurance premiums using TurboTax Premium for LLC with no K-1

You report self-employment income and expense on Schedule C Profit or Loss From Business.

 

A K-1 is not required to report your self-employed health insurance premiums.

 

Follow the steps outlined in this TurboTax Help to report self-employed health insurance premiums.

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