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I am trying to find the line for premiums paid by self employed individuals. Ideally, I would like it on the "C", as he hasn't many deductions for "A"?

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I am also self employed, and last year there was a line for this.  I would appreciate help.
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Level 15
Level 15

"I am trying to find the line for premiums paid by self employed individuals. Ideally, I would like it on the "C", as he hasn't many deductions for "A"?"

Health insurance premiums for self employed are never a Sch C deduction, they are an adjustment to income on Sch 1, Part II of the 1040.

Im not familiar with ProConnect tax Online, but doesnt it have  Search box that can help you find the entry area for Self Employed Health Insurance?


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Level 12

"Ideally, I would like it on the "C", as he hasn't many deductions for "A""

Except you don't get to do whatever works out better. You do what applies. You will want a link for the deduction to the fact of that Sched C business, or if there is more than one qualifying activity, of course, so that the full amount possible gets computed. It's not a business deduction; it's personal.

"By default, the program limits this SE health insurance deduction to the lesser of the total premiums entered or the net earnings from self-employment minus qualified retirement plans and one-half of the self-employment deduction on Form 1040. To limit the deduction based on the net income of a singe business activity, you must indicate the 'Form' and 'Activity Name or Number'. The program carries the limited amount to Form 1040 and carries the total premium entered, less the limited portion, to Schedule A as a medical expense."

I found these articles as reference:

https://proconnect.intuit.com/community/medical-tax-credits-and-deductions/help/generating-the-se-he...

https://proconnect.intuit.com/community/medical-tax-credits-and-deductions/help/how-do-i-enter-the-s...

 

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