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April 11, 2025
Question

Sole proprietor struggling to claim medicare C+D health care deduction

  • April 11, 2025
  • 1 reply
  • 0 views

I have been going in circles trying to get help with claiming my Medicare C + D health care premiums as a sole proprietor. Looks like I should claim it on schedule one of form 1040 but the turbo tax program does not allow me to get there. Been working on this for more than an hour. Can anyone help?

    1 reply

    Employee
    April 11, 2025

    The amount eligible to be reported as a self-employed health insurance premiums, including those paid for Medicare Part B and D,  must be entered in step-by-step mode under Business Expenses under your business.

    April 12, 2025

    More specifically, look for "other common business expenses" / "insurance payments".  It is a bit buried, and doesn't show up in the summary total for "other common business expenses".

    Employee
    April 12, 2025

    In the online version its under Self-employment income and expenses -> [Your Business] -> Expenses -> Less Common ->  Health insurance premiums.  Be sure to go through all pages of the list.  Then edit the Health insurance premiums item under Expenses.

     

    In the desktop version it's under Business Income and expenses (Sch C) -> All other expenses -> Self-Employed Health Insurance Premiums.

     

    @bwoirhaye , "other common business expenses" / "insurance payments" is only for other types of insurance payments that are deductible on Schedule C.  It is not where you are to enter self-employed health insurance payments.