How do you remove an entry in H&B for business self-employment insurance? I erroneous entered marketplace (obumercare) insurance premiums here and need to remove it.

[Cindy0H · Accepted solution]

This is how:

• Business
• Business & Expenses...update
• Edit your business
• Other Common business expenses...insurance payments...remove it

When you enter this information in the federal interview, TurboTax asks about self-employment (see screenshot). TurboTax will automatically take the surplus and enter it as self-employment health insurance which will go on line 29 of Schedule 1 (adjustments to income). It is subtracted before your adjusted gross income is computed. Along with some other items, Schedule 1 flows to the 1040 on line 6.

If you have other questions about this, ask in the comment section below.