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Your medical expenses are reported on Schedule A of the 1040. Since you are self-employed you can deduct your health insurance premiums on your business return.
Please keep in mind the following about deducting your medical expenses, including health insurance:
NOTE: If you are receiving Social Security benefits, TurboTax automatically transfers the premiums paid for Medicare Part B to your Schedule A. You do not need to enter these amounts again. Just include the premiums for the supplement policy (United of Omaha).
To enter your medical expenses, please follow these steps:
You can deduct health insurance premiums on your Schedule C. [You can deduct up to 100% of the premiums for you, your spouse, and your dependents if your work shows a net profit of at least the amount of the premiums.]
[Edited | 3/18/2020 | 1:07 pm PDT]
Your medical expenses are reported on Schedule A of the 1040. Since you are self-employed you can deduct your health insurance premiums on your business return.
Please keep in mind the following about deducting your medical expenses, including health insurance:
NOTE: If you are receiving Social Security benefits, TurboTax automatically transfers the premiums paid for Medicare Part B to your Schedule A. You do not need to enter these amounts again. Just include the premiums for the supplement policy (United of Omaha).
To enter your medical expenses, please follow these steps:
You can deduct health insurance premiums on your Schedule C. [You can deduct up to 100% of the premiums for you, your spouse, and your dependents if your work shows a net profit of at least the amount of the premiums.]
[Edited | 3/18/2020 | 1:07 pm PDT]
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