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philpottlaw
Returning Member

Self employed health insurance and LTC and medicare premiums - deduct on sch c or 1040 line 29

 
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Accepted Solutions
PeterM
New Member

Self employed health insurance and LTC and medicare premiums - deduct on sch c or 1040 line 29

Those are entered on Line 29 of Form 1040.

To enter those payments in Turbo Tax, follow these steps:

  • Log into your tax return (make sure you're in the tax return not just your account).
  • Use the search box in the upper right hand corner and type in "health insurance, self-employed".
  • Click the "Jump to health insurance, self-employed" link that pops up.
  • You will have to answer several questions regarding your business (this will be several screens). These questions will help Turbo Tax set-up a Business Profile for you.
  • Once you've answered these questions, Turbo Tax will begin to ask you about your income.
  • Once you've entered your income, Turbo Tax will begin to ask you about your expenses (1st screenshot below).
  • Click on the Health Insurance Premiums button (2nd screenshot below) then click the Continue button.
  • This is where you'll enter the actual premiums you paid in 2016 (see the 3rd screenshot below) then click the Continue button.


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1 Reply
PeterM
New Member

Self employed health insurance and LTC and medicare premiums - deduct on sch c or 1040 line 29

Those are entered on Line 29 of Form 1040.

To enter those payments in Turbo Tax, follow these steps:

  • Log into your tax return (make sure you're in the tax return not just your account).
  • Use the search box in the upper right hand corner and type in "health insurance, self-employed".
  • Click the "Jump to health insurance, self-employed" link that pops up.
  • You will have to answer several questions regarding your business (this will be several screens). These questions will help Turbo Tax set-up a Business Profile for you.
  • Once you've answered these questions, Turbo Tax will begin to ask you about your income.
  • Once you've entered your income, Turbo Tax will begin to ask you about your expenses (1st screenshot below).
  • Click on the Health Insurance Premiums button (2nd screenshot below) then click the Continue button.
  • This is where you'll enter the actual premiums you paid in 2016 (see the 3rd screenshot below) then click the Continue button.


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