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

[PeterM · Accepted solution]

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.