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rise5551
New Member

How do I get Medicare from SSA 1099 to show as self employed health insurance?

I want my Medicare premiums from the SSA 1099 to carry to a Partnership and show as self employed health insurance.

1 Best answer

Accepted Solutions
MichaelDC
New Member

How do I get Medicare from SSA 1099 to show as self employed health insurance?

If you are self-employed and eligible for the self-employed health insurance deduction, you can include your Medicare premiums in your self-employed health insurance deduction. It's a deduction on the front page of the 1040, line 29.  

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). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.

To add the self-employed health insurance to your return:

·         Type self-employed health insurance deduction in the search bar.

·         Click Jump to self-employed health insurance deduction. See the screenshot below.

·         Continue the onscreen interview until you get to the Enter Your Business Expenses, choose Self-Employed Health Insurance Premiums. See the screenshot below.

(See the attached screenshot below. Click to enlarge.)

 Some extra info:

If you or your spouse could participate (even if you declined coverage) in an employer's health plan at any time during a given month, you can't take the deduction for that month. However, payments for those months are deductible on Schedule A if you itemize deductions.

If you don't have a profit on your Schedule C, you won't get the self-employed health insurance deduction.  Remove your Medicare premiums from your Schedule C and enter them with your Social Security information. TurboTax will transfer the amounts to your Schedule A, medical expenses. 


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1 Reply
MichaelDC
New Member

How do I get Medicare from SSA 1099 to show as self employed health insurance?

If you are self-employed and eligible for the self-employed health insurance deduction, you can include your Medicare premiums in your self-employed health insurance deduction. It's a deduction on the front page of the 1040, line 29.  

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). When you go through the questions for your business expenses, enter those premium expenses for self-employed health insurance premiums.

To add the self-employed health insurance to your return:

·         Type self-employed health insurance deduction in the search bar.

·         Click Jump to self-employed health insurance deduction. See the screenshot below.

·         Continue the onscreen interview until you get to the Enter Your Business Expenses, choose Self-Employed Health Insurance Premiums. See the screenshot below.

(See the attached screenshot below. Click to enlarge.)

 Some extra info:

If you or your spouse could participate (even if you declined coverage) in an employer's health plan at any time during a given month, you can't take the deduction for that month. However, payments for those months are deductible on Schedule A if you itemize deductions.

If you don't have a profit on your Schedule C, you won't get the self-employed health insurance deduction.  Remove your Medicare premiums from your Schedule C and enter them with your Social Security information. TurboTax will transfer the amounts to your Schedule A, medical expenses. 


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