Deducting self-employed ACA premiums

[mc510]

Deducting self-employed ACA premiums

I understand that, as a self-employed person, the ACA insurance premiums that I pay are fully deductible from my income (income>ACA) and are not subject to the "7% of AGI" threshold. I don't see how to enter this properly in TurboTax Deluxe, however.

Under business expenses, the line for "medical insurance" says to not enter ACA premiums because they are handled through form 1095. But when you enter data from form 1095, TurboTax doesn't give you an opportunity to say that these are business expenses, and looking directly at Schedule 1 Line 17 there is no entry for "self employed health insurance deduction."

What is the correct way to handle this in TurboTax Deluxe so that these premiums get deducted and not subjected to the 7% threshold?

[DoninGA · Accepted solution]

Go back and edit the Form 1095-A you entered.  There will be a screen after the form entry asking if you were self-employed, check the box.

[mc510]

Thank you @DoninGA , I had totally missed that check box!