1040 line 29, health indurance premiums

[MAJ]

Is it correct that premiums that are automatically deducted from Social Security payments should be entered into 1040 Schedule 1, line 29 ?   Instructions say to include voluntary payments, however I am guessing this includes the premiums deducted out of my Social Security payments.

[VolvoGirl · Accepted solution]

Yes.  For self employed health ins?

Medicare plan B payments are qualified as Self-employed medical insurance premiums and should be entered under Business instead of in the Social Security Benefits entry area.

[MAJ]

Yes, for self employed.  Just to be clear, by Social Security Benefits entry area, I think you mean 1040 line 5.  There is a worksheet for line 5 which asks for the amount of the deducted premiums, and I put it in there, but it doesn't transfer to line 5a or 5b in the main 1040 form.  So I think I'm good.

Thanks VolvoGirl.