Medical and Rx Insurance Deductions

[GTunney]

I own a single person LLC.  I am 70 years old and pay Out of Pocket for Health and Rx Insurance for myself and my wife.  I am using Turbo Tax Home and Business.  It would appear that the software allows deductions for this in both the business section and the personal section.  While it tells you to enter it in the business section, it also asks for it in the personal section when you select "walk me through."  Which is the correct location, or do I use both?

Thanks

[VolvoGirl]

Only enter it in one place.  Probably under Business.

If your health ins exceeds your net self-employment income it gets split. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 and the remainder gets added in to medical expenses on Schedule A.