How do I enter self employed health insurance deduction?

Forum|Forum|7 years ago
June 7, 2019
1 reply
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I need to get my self employed health insurance cost to show on Line 29, Form 1040

TurboTax Premier Mac

Best answer by

It depends on what kind of business you operate.

If your self-employment income is through a sole proprietorship reported on schedule C. You will need to use TurboTax Home and Business or TurboTax Self-Employed online. To enter the insurance premiums, you will do as follows:

Go to the Business category.
Go to the Business Income and Expense subcategory.
Choose the option "I'll choose what I work on"
On the screen labeled "Let's gather your business info", find the section labeled "Less Common Business Situations".
Click start or update next to the line labeled Self-employed Health Insurance.

If the business is a partnership or an S-Corp, you will enter the self-employed health insurance at the end of the K-1 entry section.

Anonymous

Answer

It depends on what kind of business you operate.

Go to the Business category.
Go to the Business Income and Expense subcategory.
Choose the option "I'll choose what I work on"
On the screen labeled "Let's gather your business info", find the section labeled "Less Common Business Situations".
Click start or update next to the line labeled Self-employed Health Insurance.

If the business is a partnership or an S-Corp, you will enter the self-employed health insurance at the end of the K-1 entry section.

Mike the lefty

Level 2

I have gone through those steps several times. When I click on self employed health insurance it simply goes to the next window about self employed retirement plan. Not way to put in the amount I pay. Can't find a way to enter the numbers. Help!!!