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Yes, as a self-employed senior you may deduct your Medicare Part B payments on your Schedule C. To do so in TurboTax Desktop, follow these instructions:
Note: If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits).
Edited to add step by step instructions:
Your Self-Employed Health Insurance Premiums should be shown on Line 29 of Schedule 1. The amount should not be reported on Line 15 of Schedule C.
[Edited 02.04.2019| 3:20PM]
Yes, as a self-employed senior you may deduct your Medicare Part B payments on your Schedule C. To do so in TurboTax Desktop, follow these instructions:
Note: If you want these premiums to be part of the self-employed health insurance deduction, do not enter your Medicare premiums when entering the information from your SSA-1099 (Social Security Benefits).
Edited to add step by step instructions:
Your Self-Employed Health Insurance Premiums should be shown on Line 29 of Schedule 1. The amount should not be reported on Line 15 of Schedule C.
[Edited 02.04.2019| 3:20PM]
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