You'll need to sign in or create an account to connect with an expert.
Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 16, as long as the expense is not greater than your Net Profit on schedule C individually. If the Insurance is more than your Net Profit on each of your Schedule Cs you can split it up and enter it on each schedule C so you don't go over the net profit on either one.
Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 16, as long as the expense is not greater than your Net Profit on schedule C individually. If the Insurance is more than your Net Profit on each of your Schedule Cs you can split it up and enter it on each schedule C so you don't go over the net profit on either one.
Thank you very much for the response, Volvo girl.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Alex012
Level 1
mms4063
Level 1
xer01
Returning Member
KellyD6
New Member
otremba15
New Member