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jma54321
New Member

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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‎June 1, 2019 7:03 PM
last updated ‎June 01, 2019 7:03 PM
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MichaelL1
Level 15

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?

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


‎June 1, 2019 7:03 PM
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