turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Why is Turbo Tax not deducting my self-employed health insurance premiums on my 1040?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

Why is Turbo Tax not deducting my self-employed health insurance premiums on my 1040?

Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 16, as long as the expense is not greater than your self-employment Schedule C Net Profit minus the deductible part of the SE tax (from Schedule 1 line 14) and any business retirement plan contributions on line 15.


Then schedule 1 line 22 Adjustments to Income goes to 1040 line 8a.


If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 Schedule 1, and the remainder gets added in to medical expenses on Schedule A.

Anonymous
Not applicable

Why is Turbo Tax not deducting my self-employed health insurance premiums on my 1040?

self-employment income is first reduced by contributions to your SE retirement plans and 1/2 your SE tax. if this leaves nothing left there is no deduction for SE health insurance.  note we can not see your returns so can't say for sure this is your situation.   another reason could be you have a net loss on schedule C or other sources that generate SE health insurance,  if you are an S-Corp shareholder the SE health insurance must properly be included on your W-2. as wages.  

Why is Turbo Tax not deducting my self-employed health insurance premiums on my 1040?

Thank you.

Why is Turbo Tax not deducting my self-employed health insurance premiums on my 1040?

Thank you

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies