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Returning Member
posted Apr 17, 2018 1:26:45 PM

self employment deductions

Schedule C has line 15 for SE  health Insurance. but form 1040 also has line 29  for self-employment health insurance. which is correct?

 

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2 Replies
Level 13
Apr 17, 2018 2:04:26 PM

Note that line 15 on Schedule C is labeled (on the form) as "Insurance (other than health)".

 

Your self-employed health insurance deduction belongs on line 29 on page 1 of the 1040.

Expert Alumni
Apr 17, 2018 2:11:02 PM

These are not the same thing. Schedule C line 15 is where you enter business insurance premiums, not health insurance. Form 1040 line 29 is where you enter health insurance premiums you paid for yourself, your spouse, and your dependents.

 

Note: Schedule C line 14 is where you include health insurance premiums you paid for your employees, if applicable.