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M
MountainMama13
February 13, 2024
Question

Self-employed health insurance

  • February 13, 2024
  • 1 reply
  • 0 views

On the Schedule 1 Worksheet, why can't I enter the self-employed health insurance deduction on Line 17? I am NOT required to file a Form 7206. I have wasted too many hours on this issue this year. Ridiculous.

1 reply

M
MinhT1
February 13, 2024

In TurboTax Home & Business, you enter your health insurance premiums in the Business Expenses section of your business.

 

The deduction is limited to the amount of net income (profit) of your business.

 

Go to Business Expenses > Other Common Business Expenses > Health Insurance Premiums.

 

TurboTax will transfer the amount to Part II line 17 of Schedule 1 of form 1040 (self-employed health insurance deduction).

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