My MFJ return has two Schedule C's that take the Self Employed Health Insurance Deduction - one for me and one for my wife. Both Schedule C worksheets are transferring more than 50% of the Health Insurance deduction to Schedule 1. Is anyone else experiencing this problem? I'm expecting it to be capped at 50%.
The 1040 has 4 Schedule C's is total. The other two do not have anything in the SE Health Insurance deduction. At first they did, but the numbers have now been zeroed out.
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For each of these two Schedule C businesses you should be entering only that business's 50% share of the health insurance premiums paid so that the total on Schedule 1 does not exceed the total paid for SE Health Insurance.
For each of these two Schedule C businesses you should be entering only that business's 50% share of the health insurance premiums paid so that the total on Schedule 1 does not exceed the total paid for SE Health Insurance.
Thank you, that worked!
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