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Employee
June 1, 2019
Solved

I have a full time job and I'm self employed too. I had health insurance through the market place last year. Can I deduct the portion I paid? If so, where do I enter it.

  • June 1, 2019
  • 1 reply
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Best answer by RyanH2

To Enter Self-Employed Healthcare Premiums:

1. Select "Business" at the top of the screen

2. Choose "Continue", then "I'll choose what I work on"

3. Select "Start" next to "Business Income and Expenses"

4. Select "Edit" next to your business name

5. Scroll down to Business Expenses

6. Now select "Start" next to "Other Common Business Expenses"

7. Select "Start" next to "Insurance Payments"

8. Now select "Start" next to "Insurance Premiums"

https://ttlc.intuit.com/replies/4230299


1 reply

RyanH2Answer
Employee
June 1, 2019

To Enter Self-Employed Healthcare Premiums:

1. Select "Business" at the top of the screen

2. Choose "Continue", then "I'll choose what I work on"

3. Select "Start" next to "Business Income and Expenses"

4. Select "Edit" next to your business name

5. Scroll down to Business Expenses

6. Now select "Start" next to "Other Common Business Expenses"

7. Select "Start" next to "Insurance Payments"

8. Now select "Start" next to "Insurance Premiums"

https://ttlc.intuit.com/replies/4230299


fuzy4472Author
Employee
June 1, 2019
So I entered my 1095-A and per line 33 (for example) under Monthly enrollment premiums it says $16,000 and under Monthly advanced payment of premium tax credit it says $11,000. So does that mean that TurboTax has already applied $5,000 Health Ins premiums to my return? That is about the amount I show that I paid in.