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sobannon2
New Member

Self employed medical totals $4246.36 from medicare parts B and D & supplement, ACA net premium, dental insurance. Sch 1 allowing $3119. income is $12,00. why?

 
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IreneS
Expert Alumni

Self employed medical totals $4246.36 from medicare parts B and D & supplement, ACA net premium, dental insurance. Sch 1 allowing $3119. income is $12,00. why?

Your deduction for self-employed medical insurance may be limited by your business income.

To see how the deduction is calculated you can go into Forms Mode and viewing the Health/LTC Worksheet.

  1. Go into Forms Mode by clicking the Forms icon at the top right of your screen.
  2. In the Forms in My Return list, scroll down and click on Health LTC Wks.  The form will appear on the screen.
  3. Lines 1-10 (below the grey line) will show the deduction calculation.
  4. To return to the interview, click the Step-by-Step icon at the top right of your screen.
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