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e36auto
New Member

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

In Schedule C, Other Business Expenses, in what year are deductible self-employment health care insurance premiums reported?  I am in a situation where I had to buy my own health insurance for 2019 health coverage.  One of those premiums had to be paid in December 2018.  I was self-employed in the later part of 2018.  Can I take the December 2018 premium deduction in my 2018 taxes, or do I have to wait till 2019?

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Anonymous
Not applicable

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

4 Replies
Anonymous
Not applicable

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

e36auto
New Member

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

Thank you!
Anonymous
Not applicable

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

the health insurance is not a deduction for schedule C.  in schedule c or interview mode there should be something about self-employed health insurance.  if done properly and you have enough schedule c income (schedule C income reduce by 1/2 the se tax and contributions to self-employed retirement plan) , the deduction should appear on line 29 of form 1040

e36auto
New Member

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

OK.  Thanks.
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