Self Employed - Health Insurance Premiums

[Chatham_Fishing_Adventures]

My Wire is a Retired School Teacher.  We file married filing jointly and we are both younger than 65.  I retired from a corporate job but now I commercially fish and we both collect a small retirement pension. My commercial fishing business makes a net profit and I file Schedule C

As part of my wife's retirement package we get a discounted rate on health insurance via the Barnstable Country Retirement association group policy.  We purchase BCBS health insurance using her retirement benifit to cover both are health insurance needs.  

Can I deduct this monthly Health Insurance cost on schedule C for the fishing business?  The Turbo tax field is:  Business Income and Expenses -> Health Insurance Premiums.

[Mike9241]

In your situation, they are only deductible if you itemize on Schedule A. For self-employed individuals to get a deduction (never on Schedule C for self and family) on line 17 of the 1040, Schedule 1 the plan must be in the the of the sole proprietor or his business.