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I am self employed in real estate. Medicare insurance premiums are deducted from my social security payment. Can I deduct that under self employed health insurance?

Can i deduct my Medicare insurance premiums in Self Employment Business expense instead of Schedule A?  I am self employed in real estate.  Thanks.

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JulieR
Expert Alumni

I am self employed in real estate. Medicare insurance premiums are deducted from my social security payment. Can I deduct that under self employed health insurance?

Yes.  The IRS has ruled that Medicare premiums do count for self-employed health deduction. The following TurboTax FAQ explains: https://ttlc.intuit.com/replies/5460150

[Edited 02.15.2019 | 5:43 pm pst]

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2 Replies
JulieR
Expert Alumni

I am self employed in real estate. Medicare insurance premiums are deducted from my social security payment. Can I deduct that under self employed health insurance?

Yes.  The IRS has ruled that Medicare premiums do count for self-employed health deduction. The following TurboTax FAQ explains: https://ttlc.intuit.com/replies/5460150

[Edited 02.15.2019 | 5:43 pm pst]

JulieR
Expert Alumni

I am self employed in real estate. Medicare insurance premiums are deducted from my social security payment. Can I deduct that under self employed health insurance?

Please see my edited response.
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