Yes. You can deduct since you were a partner with net earnings from self-employment for the year. For any month you qualified for insurance on an employer plan, you wouldn't be able to claim the self-employed deduction.
Any Health Insurance Marketplace premiums you paid will be reported on Form 1095-A. Simply follow these directions to enter your 1095-A in TurboTax. Since you self-employed, you are also permitted to deduct your portion of the health insurance premiums (total premium minus the premium tax credit you are permitted) as a business expenses.
TurboTax will compute this amount and enter it on 1040 Line 29. If no amount is showing up on 1040 Line 29, go through the Personal >Health Insurance section again making sure to answer the question about being self-employed AND selecting the Schedule C to which you want to attach the deduction. When you are stepping through the questions, you have to click on "edit" when you get to the 1095-A data screen. The self-employment question is on the page after you have reviewed your 1095-a entries.
If needed, this is how to enter your Self Employed Health Insurance you paid through your Partnership, LLC or S-Corporation into TurboTax Premier:
- Click the Federal Taxes tab
- Click Wages & Income
- Scroll down to Business Items
- Click the blue Show More button in this section
- Click Start (or Revisit) next to Schedules K-1, Q
- Click Yes
- Click Update next to the Schedule K-1 you need to add the deduction for
- You'll need to click through the slides until you come to the screen shown below. Please note that the first image is for Partnership and the second image is for S-Corps
- Here you'll need to put a check next to "I personally paid health insurance....."
- The next screen will ask for the amount you paid