I'm self-employed. Can I deduct my COBRA health insurance premium as a business expense, not a personal medical expense?

[LeeM]

Yes, you would deduct that as self-employed health insurance premiums using the directions below:

1. Open your return and click the Business tab.
2. Continue to How do you want to enter your business income? and click I'll choose what I work on.
3. Scroll down to Self-employed Health Insurance (under the Less Common Business Situations heading) and click Start.

As a self-employed person, you're allowed to deduct premiums up to the amount of your net business income; the premiums will appear on Line 29 of your Form 1040. Any payments that exceed your net business income will flow over to Schedule A as a personal medical expense. We'll automatically handle the line items and calculations for you.