Skip to main content
Level 7
March 3, 2024
Solved

How do partners in self-employed business who pay own health premiums deduct them?

  • March 3, 2024
  • 1 reply
  • 25 views
No text available
This topic has been closed for replies.
Best answer by Terry53029

You would them on Schedule 1, line 17 of the 1040, "Self Employed Health Insurance Deduction"


Just want to bring to your attention that ProSeries has form 7206 for self employed health insurance, but I have just put it on schedule 1. I was not aware of that form.

1 reply

abctax55
Level 15
March 3, 2024

I'm not sure what you mean by 'partners' in a 'self-employed' business.

Partners = K-1

Self-employed = Sch C 

HumanKind... Be Both
GretaAuthor
Level 7
March 3, 2024

Two brothers formed a partnership for construction work which issues them a K-1. Each pays for their own Medicare, wife's medicare, supplemental insurance. Are they able to deduct these premiums which they could had they filed a Sch C.

Intuit Community Champion
March 3, 2024

You would them on Schedule 1, line 17 of the 1040, "Self Employed Health Insurance Deduction"