turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

In Schedule C, Other Business Expenses, in what year are deductible self-employment health care insurance premiums reported?  I am in a situation where I had to buy my own health insurance for 2019 health coverage.  One of those premiums had to be paid in December 2018.  I was self-employed in the later part of 2018.  Can I take the December 2018 premium deduction in my 2018 taxes, or do I have to wait till 2019?

Connect with an expert
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 Best answer

Accepted Solutions
Anonymous
Not applicable

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

4 Replies
Anonymous
Not applicable

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

date of payment

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

Thank you!
Anonymous
Not applicable

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

the health insurance is not a deduction for schedule C.  in schedule c or interview mode there should be something about self-employed health insurance.  if done properly and you have enough schedule c income (schedule C income reduce by 1/2 the se tax and contributions to self-employed retirement plan) , the deduction should appear on line 29 of form 1040

In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

OK.  Thanks.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies