DawnC
Expert Alumni

Self employed

You generally get a larger deduction on Schedule 1 because Schedule A is an itemized deduction that most people can't take advantage of.   Also, the Schedule A itemized deduction is limited to the amount over 7.5% of AGI.   Neither deduction lowers your net profit from the business.   You won't find the self-employed health insurance deduction on Schedule C; the only health insurance that is entered directly on Schedule C is health insurance you paid for any employees.   It does get subtracted out in order to calculate QBI, though.    

 

You can see how TurboTax calculated the amount on Line 17 of Schedule 1 by looking at Form 7206.   It will show the total of your health insurance premiums paid, and your business net income.   If the premiums are more than net income, the allowed amount goes to Schedule 1 and the remainder goes to Schedule A.  

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