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Where do you deduct self employed health insurance

 
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Coleen3
Intuit Alumni

Where do you deduct self employed health insurance

In general, follow the steps below. However if the payment was made through ACA, the entry is different.

To add the self-employed health insurance to your return:

  • Type self-employed health insurance deduction in the search bar.
  • Click Jump to self-employed health insurance deduction.
  • Continue the onscreen interview until you get to the Enter Your Business Expenses, choose Less common expenses, then choose Health Insurance Premiums

Marketplace

Enter the health insurance premium information from your 1095-A in the Personal > Health Insurance section in TurboTax.  This is information will be used in Form 8962 to determine any adjustment needed in the premium tax credit your received.  Form 8962 Line 26 will show the resulting over/under tax credit and be transferred to your 1040 Line 69.

Medicare

If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099

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