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posted Jun 1, 2019 7:03:49 PM

66 not taking ss but pay 135.50 monthly to medicare can I deduct that on schedual I as selfemployment health insurance if so how much?

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Level 15
Jun 1, 2019 7:03:50 PM

If self-employed you can list the Medicare paid out of pocket. TurboTax will then determine how much can be deductible on the Sch C based on the profit the Sch C has.

TurboTax will determine the amount however here is an IRS worksheet that show you the calculation.

https://taxmap.irs.gov/taxmap/instr/i1040gi-042.htm#en_us_publink10002107