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sbyrum1
New Member

Self-employed medical insurance premiums deduction using Turb Tax Self-Employed

I need to deduct my Medicare premiums on Schedule 1 (Form 1040), line 17.  I can't seem to navigate there even following Turbo Tax instructions.  Does anybody know how to get there?

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Accepted Solutions
SantinoD
Expert Alumni

Self-employed medical insurance premiums deduction using Turb Tax Self-Employed

You will need to follow the flow of entering your Self-employment Income and expenses.  As you are going through the program you will come to a section to enter you business expenses. 

 

Find the category for "Health Insurance Premiums". Enter the amounts you paid there, and TurboTax will make sure that amount gets placed on the correct Form and Line. The self-employed health insurance deduction shows up on Schedule 1, line 17

 

To get to that section, follow these steps:

  1. Open or continue your return
  2. Search for schedule c and select the Jump to link in the search results
  3. Answer Yes to Did you have any self-employment income or expenses?

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1 Reply
SantinoD
Expert Alumni

Self-employed medical insurance premiums deduction using Turb Tax Self-Employed

You will need to follow the flow of entering your Self-employment Income and expenses.  As you are going through the program you will come to a section to enter you business expenses. 

 

Find the category for "Health Insurance Premiums". Enter the amounts you paid there, and TurboTax will make sure that amount gets placed on the correct Form and Line. The self-employed health insurance deduction shows up on Schedule 1, line 17

 

To get to that section, follow these steps:

  1. Open or continue your return
  2. Search for schedule c and select the Jump to link in the search results
  3. Answer Yes to Did you have any self-employment income or expenses?

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