I am self employed with 2 part time businesses and collect SS.
When I add my Medicare part B premium under my business expenses (health insurance) the deduction is not being credited anywhere. Why?
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It should be on line 16 of Sch 1 of the 1040. Enter the premium cost (not greater than net income) on Sch C as health insurance premiums but be sure you do not also enter the cost when you report your social security income.
It should be on line 16 of Sch 1 of the 1040. Enter the premium cost (not greater than net income) on Sch C as health insurance premiums but be sure you do not also enter the cost when you report your social security income.
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