We have no employer-sponsored plans available; COBRA continuation was exhausted.
Self-employment income exceeds the premiums paid.
No subsidy on the marketplace purchased plan; we paid full freight on the premiums.
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Yes, your wife's health insurance premiums are deductible as a business expense.
Here's how to report that business expense:
As a self-employed person, you're allowed to deduct premiums up to the amount of your net business income; the premiums will appear on Line 29 of your Form 1040. Any payments that exceed your net business income will flow over to Schedule A as a personal medical expense. We'll automatically handle the line items and calculations for you.
Is one place better than another or does it matter? I have form 1095-A and have placed it in the Health Insurance tab.
thanks
@sdmmktg5 wrote:
Is one place better than another or does it matter? I have form 1095-A and have placed it in the Health Insurance tab.
thanks
To enter your Form 1095-A -
Or enter 1095-a in the Search box located in the upper right of the program screen. Click on Jump to 1095-a
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