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I am self employed and paid $88 to humana for supplimental medicare ins. where do i deduct that?

Forum|Forum|7 years ago
June 3, 2019
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every time i try to put my amount in .. a box come up saying that it is not an employee ins. plan . i just want to deduct it as an expense toward my ins.

TurboTax Home & Biz Windows

Best answer by MichaelL1

Go to Business tab,

then click continue

I'll choose what I work on

the screen will say, "Let's gather your business info"

click "Update" on the Sch C business you have

then "Edit"

scroll down to "Business Expenses" and click on sub-heading, "Other Common Expenses"

The screen will be titled, "Let's write off some business expenses" and go down to "Insurance Payments" and click update and then enter the amount paid.

Note: You must have a profit on the business for it to be deductible. It will not be deducted on the Sch C but will go to the Form 1040 and be deducted on line 29.

MichaelL1Answer

Employee