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rharris
New Member

How do you get this program to enter the amount for line 29 of Schedule 1 of 1040--self employed health insurance deduction??? no way to get it entered!!!

 
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2 Replies

How do you get this program to enter the amount for line 29 of Schedule 1 of 1040--self employed health insurance deduction??? no way to get it entered!!!

Where do I enter my health insurance premiums if I'm self-employed?

Follow the instructions below to enter your premiums and we’ll check to see if you qualify for any deductions:

I got a 1095-A from Healthcare.gov or a state marketplace

  • Search for 1095-A and select the Jump to link.
  • Answer the questions to report the premiums you paid on your 1095-A.

I paid COBRA premiums and the policy is in a former employer's name

  • Search for Schedule A and select the Jump to link.
  • Answer Yes to Did you spend more than...
  • Answer the questions (if you didn't have any expenses of the types asked about, you can leave those sections blank) until you reach How much did you spend on insurance premiums? Enter your COBRA premiums under Medical insurance premiums.

I paid health insurance premiums and the policy is in my name and not from a Marketplace

  • Search for Schedule C and select the Jump to link.
  • If this is your first time entering info about your self-employment work, you’ll be asked some initial questions before coming to the Expenses section.
    • If you previously entered info on your self-employment work, just select Edit next to the type of work you entered previously. Scroll down to the Expenses section and select Add expenses for this work.
  • Select Less Common Expenses to show all expense categories. Select Health insurance premiums and then select Continue.
  • On the Tell us about health insurance premiums for your [business] work, enter the total amount of health insurance premiums you paid.
Carl
Level 15

How do you get this program to enter the amount for line 29 of Schedule 1 of 1040--self employed health insurance deduction??? no way to get it entered!!!

That would be entered on the SCH C. Elect to start/update Business Income & Expenses (SCH C) and work it through to the "Your [BusinessName] Business" screen. Elect to start/update Other Common Business Expenses. Then elect to update Health Insurance Premiums and enter it there.

Note that your business *MUST* show a profit in order for your health insurance premiums to be deducted as a business expense. Additionally, the insurance plan must be under the auspices of the business to qualify as a business deduction.

If your business does not show a profit, or if the plan is not a business type plan, then your health insurance costs are a SCH A deduction. Click the "learn more" link next to "Health Insurance Premiums" for more information.

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