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For my schedule c will it show my insurance amount. Why?? Is there a big??

 
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3 Replies
BillM223
Expert Alumni

For my schedule c will it show my insurance amount. Why?? Is there a big??

Please clarify, what type of insurance are you asking about for Schedule C? Also please clarify what "big" refers to.

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For my schedule c will it show my insurance amount. Why?? Is there a big??

I presume you're asking if this is a "bug".   As for the insurance amount, you may have insurance payments related to your business that might be a business deduction off of business income.

Also, you may be referring to your health insurance premiums, in which case an entry can be made on your schedule C for that amount (including part B Medicare premiums taken out of your Social Security benefits), and this becomes an an adjustment to income on Schedule 1.  This is for "after tax" premiums.

For my schedule c will it show my insurance amount. Why?? Is there a big??

I should clarify that this would be in reference to a situation where you have a self-employment business, or one generated by a 1099-NEC if you were paid for work as non-employee compensation from another "employer".

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