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Sole proprietor struggling to claim medicare C+D health care deduction

I have been going in circles trying to get help with claiming my Medicare C + D health care premiums as a sole proprietor. Looks like I should claim it on schedule one of form 1040 but the turbo tax program does not allow me to get there. Been working on this for more than an hour. Can anyone help?

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3 Replies
dmertz
Level 15

Sole proprietor struggling to claim medicare C+D health care deduction

The amount eligible to be reported as a self-employed health insurance premiums, including those paid for Medicare Part B and D,  must be entered in step-by-step mode under Business Expenses under your business.

Sole proprietor struggling to claim medicare C+D health care deduction

More specifically, look for "other common business expenses" / "insurance payments".  It is a bit buried, and doesn't show up in the summary total for "other common business expenses".

dmertz
Level 15

Sole proprietor struggling to claim medicare C+D health care deduction

In the online version its under Self-employment income and expenses -> [Your Business] -> Expenses -> Less Common ->  Health insurance premiums.  Be sure to go through all pages of the list.  Then edit the Health insurance premiums item under Expenses.

 

In the desktop version it's under Business Income and expenses (Sch C) -> All other expenses -> Self-Employed Health Insurance Premiums.

 

@bwoirhaye , "other common business expenses" / "insurance payments" is only for other types of insurance payments that are deductible on Schedule C.  It is not where you are to enter self-employed health insurance payments.

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