Where do Marketplace Dental Insurance Premium Deductions go??

[NCR77]

HELP! I can't find where to enter Dental Insurance Premiums!

I'm a self-employed (sole proprietor), I entered my Covered California Marketplace Health Insurance data (1095-A Form) per usual, in the correct place. HOWEVER, where does one enter stand-alone marketplace Dental Insurance premiums? They aren't on the 1095-A form as far as I can tell, that's only Healthcare).

I've googled a bunch, looked everywhere & can't find an appropriate place to list the dental insurance premiums (it's a standard Anthem Dental PPO). I don't want to get audited over a $600 deduction. But I also don't want to miss out claiming it.  Thanks in advance!

[ThomasM125]

When you enter your business expenses, Choose the Other Common Business Expenses menu option and you will see an option for Insurance Payments:

Choose that option and on the next screen you will see an option to enter health insurance premiums.

[NCR77]

Thanks @ThomasM125 -- But question below:

It IS a Covered California marketplace Dental Insurance plan though --- see below highlighted area says not to use that area for Healthcare.gov or marketplace insurance.

Is it okay because it's not the 1095-A Health Insurance?

 

[TeresaM]

If your dental was a separate policy from your health, and you paid for it directly, and it is is not included in your Form 1095-A, then you can certainly enter in the business expense section of your Schedule C or the Medical Expenses portion of your Schedule A. 

This is also true if you had a separate vision policy or long term health care policy. 

If you do not see Health insurance premiums  on the list, click on Less Common, at the bottom. 

You can proceed from the page numbers on the bottom.

Check the box for Health insurance premiums and then Continue. 

[NCR77]

Hi @TeresaM 

Thanks. Is that the Windows interface? I don't have pull downs & it doesn't look like that.

I did pay for it directly (through Covered California marketplace) as a self-employed/sole prop & it wasn't on my 1095-A, that I can tell.

But are you saying to put it in personal Medical Expenses (which I did claim Drs, Prescriptions etc), NOT under Other Business Expenses as shown in screenshot below? (since it is Marketplace)

Just want to clarify 🙂

[AliciaP1]

No, you should be entering the premiums under the Insurance section of your self-employment income reported on Schedule C.  Those are the TurboTax Online screenshots that @TeresaM posted.

@NCR77 

[NCR77]

Hey @AliciaP1 aliciaP1

Sorry this is so confusing.

My marketplace health Insurance premiums are entered correctly via 1095-A form.

The screenshots Theresa posted - I think they're Windows?

I'm using Turbo Tax Home & Business - Mac Version

Can you confirm the workflow of screenshots below are the correct placement for the Expense, even though it says "No market place" Consensus seems to be stand alone marketplace Dental Premiums can go there?

Thanks in advance!!

[NCR77]

Shoot, the photo/screenshots don't seem to be showing up....

Can you confirm the Turbo Tax Home & Business (Mac) workflow is:

Business Income & Expenses > Business Expenses > Insurance Payments > Health Insurance Premiums

It does say not to enter premiums paid through marketplace insurance in that area, but there seems to be an exception for Dental on this?

[MonikaK1 · Accepted solution]

If you have additional insurance, you may enter that in the Schedule C portion, in Expenses. You may enter health insurance, dental insurance, and vision insurance, just do not duplicate premiums listed on Form 1095-A. It can be a dental policy through the Marketplace, as long as it is paid for separately and not included in the policy amounts calculating the Premium Tax Credit. 

Yes, the Turbo Tax Home & Business (Mac) workflow is correct as you stated. You can enter "Dental Insurance Premiums" in the Description.

[NCR77]

Perfect, thank you so much!