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April 16, 2023
Question

Turbo Tax Deluxe. Self employed for 3 mo. How can I verify the 3 mo. of premiums show as a business expense on my schedule C? Haven't paid yet, so no access to form.

  • April 16, 2023
  • 1 reply
  • 0 views
The premiums were paid through the marketplace.

1 reply

AliciaP1
April 16, 2023

Your marketplace premiums won't show as a business expense on your Schedule C.  If you qualify for the Self-employed Health Insurance Deduction, it will show on line 17 of Form 1040 Schedule 1.  You can review your 1040 in TurboTax Online to verify this by following these steps:

 

  1. Sign in to your TurboTax account
  2. Open or continue your return
  3. Select Tax Tools from the menu on the left
  4. Select View Tax Summary in the pop-up
  5. Preview my 1040 in the left menu
  6. Scroll down to Schedule 1 line 17
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