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My self employed health insurance premiums are not transferring from the worksheet to the schedule C. Premiums are less than net income. Please help!

 
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IreneS
Intuit Alumni

My self employed health insurance premiums are not transferring from the worksheet to the schedule C. Premiums are less than net income. Please help!

Premiums for health insurance and long-term care insurance are not deducted on Schedule C.  Instead, they are shown as a deduction from your gross income on line 29 of Schedule 1 on form 1040 [self-employed health insurance deduction].

To enter your self-employed health insurance deduction please follow these steps:

  1. On the Let's gather your business info screen, click on Update next to your business. 
  2. On the screen, Your [XX] Business, in the Business Expenses section, click the Start/Update box next to Other Common Business Expenses.
  3. Click the Start/Update box next to Insurance Payments.
  4. Click the box next to the type of insurance premiums you wish to enter (in your case, Health Insurance Premiums).

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