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June 1, 2019
Question

I am self employed. I entered medical and longterm care premiums but they are not being subtracted to arrive at my net income on schedule C. Why?

  • June 1, 2019
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1 reply

June 1, 2019

Premiums for health insurance and long-term care insurance are not deducted on Schedule C.  Instead, they are shown as a deduction from your gross income on line 29 of form 1040 [self-employed health insurance deduction].