carolynt2
New Member

Self employed

Thank you.  Yes, that makes sense.  I have entered it how you suggested and the balance has automatically been applied to medical expenses.

 

A by-product of putting the medical premiums as a business expense in Schedule 1 is that my business net profit is now zero, thus reducing my qualified business deduction considerably.  When I enter the medical premiums all under the Schedule A personal medical expense deduction my refund is actually higher.

 

Is there any benefit to putting the medical premiums as a business deduction instead of on Schedule A as a personal medical expense?  The only benefit I see is that it lowers my AGI for eligibility for a Roth IRA, but this is not relevant for me.