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June 3, 2019
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In what year are deductible self-employment health care insurance premiums reported (if different: date of payment, or year of coverage)?

  • June 3, 2019
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In Schedule C, Other Business Expenses, in what year are deductible self-employment health care insurance premiums reported?  I am in a situation where I had to buy my own health insurance for 2019 health coverage.  One of those premiums had to be paid in December 2018.  I was self-employed in the later part of 2018.  Can I take the December 2018 premium deduction in my 2018 taxes, or do I have to wait till 2019?

Best answer by

date of payment

2 replies

Answer
June 3, 2019

date of payment

e36autoAuthor
June 3, 2019
Thank you!
June 3, 2019

the health insurance is not a deduction for schedule C.  in schedule c or interview mode there should be something about self-employed health insurance.  if done properly and you have enough schedule c income (schedule C income reduce by 1/2 the se tax and contributions to self-employed retirement plan) , the deduction should appear on line 29 of form 1040

e36autoAuthor
June 3, 2019
OK.  Thanks.