Question

I have income from self employment and my partnership. Can I associate either with my heath care premiums? Income from my partnership is much smaller than my self employm

Forum|Forum|3 years ago
April 13, 2022
1 reply
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this pertains to the turbotax section dealing with my 1095-A

TurboTax Self Employed Online

Yes, you can take a deduction for self-employed health insurance while using the Marketplace. Please see this answer from HelenaC.

If you are self-employed, click on Where do I enter my health insurance premiums if I'm self-employed?

If you are self-employed and if you paid your ObamaCare health insurance premiums (Form 1095-A) with after-tax dollars, TurboTax will take the deduction after you enter your 1095-A Health Insurance Marketplace Statement.

In TurboTax, under the Health Insurance tab, choose We all had health insurance coverage all year.
Answer Yes that you were enrolled in a plan from HealthCare.gov.
Choose Obamacare plan (1095-A).
Enter your form.
After you enter your 1095-A form, on the Do any of these situations apply? screen, choose Self-employed and bought a Marketplace plan.

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bradslizAuthor

Thank you. I understand I can associate my health care premiums with my self employment. Can I associate my health care premiums with my partnership, if my partnership income is vastly less then my self employment income? I prefer to associate it with my partnership.

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bradslizAuthor

To clarify, I have both self employment and a partnership. Both seem to be options to associate my health insurance premiums with. In the turbotax section where entering in 1095A, I have to choose which of the two (self employment or partnership) to associate the premiums with. Can I pick either? Do I have to pick the one with the significantly larger income?