daninchicago
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It depends if you have self employed business income reported on Schedule C. If yes, you will enter the Medicare payments there as a deduction from your profits...
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Thanks for this explanation. It was extremely helpful. I would have been fine with the "aggregation" of me and my spouses separate qualified business interests....
Activity Feed for daninchicago
- Posted Re: I paid $1155.00 in 2023 for Medicare Part B. Where can I deduct this from? on Get your taxes done using TurboTax. April 10, 2024 10:49 PM
- Got Cheered for Re: What does it mean "aggregation statement must be entered"?. April 10, 2022 10:18 AM
- Posted Re: What does it mean "aggregation statement must be entered"? on Get your taxes done using TurboTax. July 12, 2020 9:35 PM
- Posted I just got married. Used TurboTax before to file individual return. Now will file joint return. Is transferring last year's return info practical or should I start over? on Get your taxes done using TurboTax. June 3, 2019 5:11 PM