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tahiti13
New Member

Do self employed health insurance deductions include medicare premiums, long term care insurance, or medicare suppliments ins?

I own a business, can I deduct under Misc. Deductions medical Insurance,

such as Medicare Part A or B or Medicare supplement insurance, or can these only be deducted on schedule A as a personal deduction?

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Coleen3
Intuit Alumni

Do self employed health insurance deductions include medicare premiums, long term care insurance, or medicare suppliments ins?

They can be included under self-employed health insurance but they will not be entered on Schedule C. It will appear on Line 29 1040. On the Social Security screen, do not include your Medicare deduction there. Input it under insurance as an expense under self-employment and the program will carry it to the correct place.

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1 Reply
Coleen3
Intuit Alumni

Do self employed health insurance deductions include medicare premiums, long term care insurance, or medicare suppliments ins?

They can be included under self-employed health insurance but they will not be entered on Schedule C. It will appear on Line 29 1040. On the Social Security screen, do not include your Medicare deduction there. Input it under insurance as an expense under self-employment and the program will carry it to the correct place.

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