3110811
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.

Winston4
New Member

Where can I deduct self-employed health insurnace for managing my own investment rental properties?

Where can I deduct self-employed health insurnace for managing my own investment rental properties?

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

Where can I deduct self-employed health insurnace for managing my own investment rental properties?

Rental income is typically considered to be passive income and you cannot deduct "self-employed" health insurance premiums from passive income. 

 

Even if the rental income is non-passive, there is still no line on Schedule E on which to deduct premiums paid for health insurance and no deduction is allowable.

 

If your rental properties rise to the level of a trade or business such that you report on Schedule C, then a deduction would be allowed. However, note that the foregoing would be applicable to real estate dealers or to rental property owners who provide significant services to their renters.

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