1040-US: Include Medicare premiums in the calculation of the self-employed health insurance deduction
- Open theSSA-1099screen in the Retirement folder.
- Enter the corresponding self-employed form/schedule, and if applicable, unit number.
- The application will report amounts entered in theMedicare premiums,Prescription drug (Part D) premiumsorMedicare Premium Total (RRB-1099)fields on line 1 of the Self-Employed Health Insurance Deduction Worksheet.If Medicare premiums included for SE health deduction purposes are limited by net self-employment earnings, the excess is reported on Schedule A, line 1.noteTo enter medical insurance premiums paid on behalf of a greater-than-2-percent shareholder, use the W-2.
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