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.

Self-employment deductions

I an a personal trainer and receive both W2 income and 1099 income. I pay for my own individual health insurance. Are the premiums deductible on my Schedule C?

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.

1 Reply

Self-employment deductions

Self Employed health Insurance does not go directly on Schedule C so it will not reduce your Net Profit or self employment tax.

 

If your health ins exceeds your net self-employment income it gets split. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 17 (to 1040 line 10) and the remainder gets added in to medical expenses on Schedule A.

 

Where to enter Self Employed Health Ins

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-health-insurance-premi...

 

Can I deduct health ins when Self Employed?

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-health-insurance-premi...

 

Deducting Health Ins If you are Self Employed

https://turbotax.intuit.com/tax-tips/home-ownership/deducting-health-insurance-premiums-if-youre-sel...

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question