How do I enter health insurance costs when I was self-employed for half of 2016?

Forum|Forum|7 years ago
June 1, 2019
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I was self-employed for half of 2016. After that, my status changed to retired. I paid for health insurance the entire year. For my self-employed health insurance deduction, do I enter half of my cost for the year (the portion of time I was self-employed)?

TurboTax Home & Biz Windows

Best answer by Coleen3

Enter your health insurance payments as you normally do. The benefit of deducting it on the 1040 rather than Schedule A, Itemized Deductions. Her is a link to the IRS with details about who can deduct.

https://www.irs.gov/uac/newsroom/dont-miss-the-health-insurance-deduction-if-youre-self-employed

Follow these steps to enter:

Type self-employed health insurance deduction in the search bar.
Click Jump to self-employed health insurance deduction.
Continue until you get to the Enter Your Business Expenses, choose Self-Employed Health Insurance Premiums.

C

Coleen3Answer

Employee

Enter your health insurance payments as you normally do. The benefit of deducting it on the 1040 rather than Schedule A, Itemized Deductions. Her is a link to the IRS with details about who can deduct.

https://www.irs.gov/uac/newsroom/dont-miss-the-health-insurance-deduction-if-youre-self-employed

Follow these steps to enter:

Type self-employed health insurance deduction in the search bar.
Click Jump to self-employed health insurance deduction.
Continue until you get to the Enter Your Business Expenses, choose Self-Employed Health Insurance Premiums.