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How to deduct health insurance as a sole proprietor filing jointly?
Turbo Tax Tips for Sole Proprietors said Health Insurance Premiums are an above the line deduction on Schedule C. Do I subtract amount from Gross Receipts?
It's not deducted from Gross Receipts.
Deduct the health insurance premiums under Other Common Expense section. There is a category for Insurance payments for Health, long-term care and liability insurance. The other part of the premium deduction will flow to line 29 on the 1040 and reduces your adjusted gross income.
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