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georgejohnson
New Member

Where in Turbotax do I enter the information for deducting health insurance premiums? I am self-employed and pay premiums for Medicare and a Medigap plan.

 
1 Reply
kerriP
Level 1

Where in Turbotax do I enter the information for deducting health insurance premiums? I am self-employed and pay premiums for Medicare and a Medigap plan.

Medicare B and Medicare D can be deducted as self-employment Health insurance and reduce income from self-employment. You can deduct up to 100% of health insurance expenses if you have a profit.  Enter these premiums as self-employed business expenses as business deductions.  (Medigap and Medicare B and D)

DO NOT enter again when you are entering your Social Security Benefits.  See attached screen shots.

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