How to deduct health insurance as a sole proprietor filing jointly?

anitavivian · ‎June 4, 2019

Turbo Tax Tips for Sole Proprietors said Health Insurance Premiums are an above the line deduction on Schedule C. Do I subtract amount from Gross Receipts?

PaulaM · ‎June 4, 2019

It's not deducted from Gross Receipts.

Deduct the health insurance premiums under Other Common Expense section. There is a category for Insurance payments for Health, long-term care and liability insurance. The other part of the premium deduction will flow to line 29 on the 1040 and reduces your adjusted gross income.

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View solution in original post

PaulaM · ‎June 4, 2019

It's not deducted from Gross Receipts.

Deduct the health insurance premiums under Other Common Expense section. There is a category for Insurance payments for Health, long-term care and liability insurance. The other part of the premium deduction will flow to line 29 on the 1040 and reduces your adjusted gross income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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How to deduct health insurance as a sole proprietor filing jointly?